New Zealand Case Law: Decisions & Judgments | LexChat

New Zealand Case Law

Entitlement to interest on late payment
  • 28 Mar 2003

    Walters v Accident Compensation Corporation

    Citation
    [2003] NZACC 48
    Court
    District Court

    The C3 certificate received in June 1987 contained sufficient information for the Corporation to calculate the appellant's weekly compensation under the alternatives available in s52(2) of the 1982 Act; therefore the Corporation had 'all information necessary' from that date and interest under the saved s72 is payable. Interest accrues at the prescribed rate but, due to s458 of the 1998 Act, interest runs only from 1 July 1992.

    • Entitlement to interest on late payment
    • Calculation of relevant earnings
    • Receipt of necessary information
    • C3 employee earnings certificate
    • Application of saved provisions s72/s458