New South Wales Repealed Acts

This legislation has been repealed.

LOCAL COURTS (CIVIL CLAIMS) ACT 1970 - SECT 39

39 Interest on judgment debt

(1) Unless a court orders in any particular case that interest be not payable, interest shall, subject to subsection (3), be payable on so much of the amount of a judgment debt as is from time to time unpaid.

(2) Interest payable under subsection (1) in respect of a judgment debt shall:

(a) subject to subsection (3), be calculated as from the date when the judgment debt came into being or from such later date as a court in any particular case fixes,

(b) be calculated at such rate as may be prescribed by the rules, and

(c) form part of the judgment debt, but not so as to require the payment of interest upon interest.

(3) Where:

(a) the amount of a judgment debt (excluding the amount of any costs remaining to be ascertained) is paid in full within 21 days after the judgment debt becomes payable, or

(b) any amount of costs is paid in full within 21 days after that amount is ascertained,

interest shall, unless a court otherwise orders in any particular case, not be payable on the amount so paid.