11 Oct 2004
Schoonderwoerd v Accident Compensation Corporation
- Citation
- [2004] NZACC 326
- Court
- District Court
Section 72 (as read with section 87 Judicature Act 1908) authorizes payment of simple interest only on late payments of weekly compensation; there is no statutory power to award compound interest or interest on review costs, and interest on the reinstated arrears runs from one month after the Corporation had received all information necessary to calculate the payment (which occurred after Judge Middleton's decision), therefore the respondent's calculations and payments were correct.