Queensland Consolidated Acts Queensland Consolidated Acts(1) In any proceedings in respect of a cause of action that arises after the commencement of the Common Law Practice Act Amendment Act 1972 in a court of record for the recovery of money (including proceedings for debt, damages or the value of goods) the court may order that there shall be included in the sum for which judgment is given interest at such rate as it thinks fit on the whole or any part of that sum for the whole or any part of the period between the date when the cause of action arose and the date of the judgment.
(2) The powers conferred on a court of record by subsection (1) may be exercised by an arbitrator or umpire.
(3) This section—
(a) does not authorise the giving of interest upon interest;
(b) does not apply in respect of any debt on which interest is payable as of right whether by virtue of an agreement or otherwise;
(c) does not affect damages recoverable for the dishonour of a bill of exchange.