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StatuteEmployment Relations Act 2000

Section Sch2-11 — Employment Relations Act 2000: Power to award interest

Text of the provision Official document

11 Power to award interest (1) Subject to subclause (2) , in any matter involving the recovery of any money, the Authority may, if it thinks fit, order the inclusion, in the sum for which judgment is given, of interest, at such rate not exceeding the 90-day bill rate (as at the date of the order), plus 2%, as the Authority thinks fit, on the whole or part of the money for the whole or part of the period between the date when the cause of action arose and the date of payment in accordance with the determination of the Authority. (2) Subclause (1) does not authorise the giving of interest upon interest.

Official source: legislation.govt.nz

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.