Structure of the Act Part 2 – Regulation of Social Housing Compensation Section 244 - Enforcement
706.This section specifies how compensation notices will be enforced, and makes provisions for late payment or non-payment of compensation. Compensation is treated as a debt to the person or persons to whom it has been awarded.
707.Subsection (2) gives the Treasury a power to make regulations permitting the regulator to charge interest on compensation that is not paid by the date specified in the compensation notice and to award additional compensation where the original compensation award is not paid by the specified deadline. Subsection (3)provides that in such cases, the additional sums are also treated as compensation.
708.Subsection (4) provides for how interest rates may be set for interest charges on late payment of penalties as provided for in subsection (2).