CIVIL JUDGMENTS ENFORCEMENT ACT 2004 - SECT 8
CIVIL JUDGMENTS ENFORCEMENT ACT 2004 - SECT 8
8 . Interest on judgment sums
(1) Interest is to be
paid on the unpaid amount of a judgment sum from the date of the judgment
until the date on which the judgment sum is paid —
(a) at
the rate prescribed by the regulations; or
(b) at
the rate set by the court in the judgment or by an order made after the
judgment is given.
(2) Subsection (1)
applies whether or not —
(a) a
suspension order has been made; or
(b) a
time for payment order or an instalment order has been made,
unless the court that
made such an order orders otherwise.
(3) The judgment
creditor may waive the payment of the whole or a part of the interest referred
to in subsection (1).
(4) A judgment
creditor who waives interest under subsection (3) must advise the court of the
fact when applying for an enforcement order under Part 4.
(5) Subsection (1)
does not apply to —
(a) a
judgment that is registered under section 105(1) of the
Service and Execution of Process Act 1992 of the Commonwealth; or
(b) a
judgment sum on which interest is payable under another written law.