LEGAL PROFESSION ACT 1987 - SECT 190 Interest on outstanding costs

This legislation has been repealed.

LEGAL PROFESSION ACT 1987 - SECT 190

190 Interest on outstanding costs

(1) A barrister or solicitor may charge interest on the unpaid costs for legal services provided by the barrister or solicitor, if the costs are unpaid 30 days or more after the barrister or solicitor has given a bill of costs for those services in accordance with this Division.

(2) A barrister or solicitor may not charge interest on the unpaid costs for legal services unless the bill of costs for those services contains a statement that interest is payable and of the rate of interest.

(3) A barrister or solicitor may also charge interest on the unpaid costs for legal services in accordance with a costs agreement.

(4) A barrister or solicitor may not charge interest under this section or under a costs agreement at a rate that exceeds:

(a) except as provided by paragraph (b)--the rate prescribed under the Supreme Court Act 1970 in respect of unpaid judgments of the Supreme Court, or

(b) the rate prescribed by the regulations.