Western Australian Numbered Acts

CONSTRUCTION CONTRACTS ACT 2004 (NO. 16 OF 2004) - SECT 39

39 .         Payment of amount determined and interest

        (1)         A party that is liable to pay an amount under a determination must do so on or before the date specified in the determination.

        (2)         Unless the determination provides otherwise, interest at the rate prescribed under the Supreme Court Act 1935 section 142 is to be paid on such of the amount as is unpaid after the date specified in the determination.

        (3)         The interest to be paid under subsection (2) forms part of the determination.

        (4)         If under section 43(2) a judgment is entered in the terms of a determination, interest under subsection (2) ceases to accrue.