24 Jul 2006
MAASSEN V CLOUGH AND ORS HC PMN CIV-2006-454-241
- Citation
- openlaw-02b72b1e_719e_4326_ba0f_e7165445b7c9.pdf
- Court
- High Court
The Court directed that interest on the original $70,000 legacy runs from the end of the executors' year (31 August 2000) at the rate in Administration Act s39(2) unless $70,000 has been specifically appropriated in which case the legatee receives income actually earned; and that the additional $80,000 (the difference between the substituted $150,000 and the original $70,000) is treated as payable from the High Court judgment date (6 May 2004) and attracts interest from that date until payment at the judgment interest rate; s66 Trustees Act authorises the Court to make these directions.