19 Sept 2005
ROBINSON V ACCIDENT COMPENSATION CORPORATION HC AK CIV 2005-485-0127
- Citation
- openlaw-01759ea2_0c7a_4513_a49c_b53bed4ddf97.pdf
- Court
- High Court
Section 72’s reference to the rate in s87 adopts only the rate; it does not import s87’s prohibition on interest on interest. On purposive construction "the amount payable by the Corporation" includes interest accrued after the one-month due period, so interest under s72 is calculated on the outstanding amount including previously accrued interest (resulting effectively in compounding) to fully compensate claimants and incentivise timely payment by the Corporation.