Document ID: chunk:federal_register_of_legislation:C2024C00859:clause:1_117b
Version: federal_register_of_legislation:C2024C00859
Segment Type: clause
Provision Reference: sch 1 cl 117B
Character Range: 1020141–1021171

117B  Interest on moneys ordered to be paid
 (1) Subject to any order made by the court under subsection (2), where, in proceedings under this Act, a court makes an order for the payment of money (other than an order for the payment by way of maintenance of a periodic sum), interest is payable, at the rate prescribed by the applicable Rules of Court, from:
 (a) the date on which the order is made; or
 (b) the date on which the order takes effect;
whichever is later, on so much of the money as is from time to time unpaid.
 (2) A court that makes an order for the payment of money as mentioned in subsection (1) may order that interest is not payable on the money payable under the first‑mentioned order or may order:
 (a) that interest is payable at a rate specified in the order, being a rate other than the rate prescribed by the applicable Rules of Court; or
 (b) that interest is payable from a date specified in the order, being a date other than the date from which the interest would be payable under subsection (1).