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UNIFORM CIVIL PROCEDURE RULES 2005 - REG 41.6 Interest not payable on certain funds in court

UNIFORM CIVIL PROCEDURE RULES 2005 - REG 41.6

Interest not payable on certain funds in court

41.6 Interest not payable on certain funds in court

(cf SCR Part 50, rule 5A)

(1) Money that is paid into court as security for costs or as security on an appeal, or in relation to an offer of compromise under the Commercial Arbitration Act 1984 , does not bear interest.
(2) Subrule (1) does not apply to interest accruing on money paid to the NSW Trustee and Guardian.