Interest on delayed GST refunds: higher interest applies where refund follows a finalized appellate order, payable until refund.

Interest is payable where a refund under subsection (5) of section 54 is not made within sixty days of the refund application; interest runs from the day after that period until refund at rates to be notified on Council recommendations. If the refund claim follows a final order of an adjudicating, appellate or judicial authority, a higher notified interest rate applies for the same post sixty day period. An appellate or judicial refund order against a proper officer's order under subsection (5) of section 54 is deemed to be an order under that subsection.

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