14 Dec 2007
Stockan v Accident Compensation Corporation
- Citation
- [2007] NZACC 262
- Court
- District Court
The appellant's entitlement crystallised with ACC's 9 November 2005 decision; ACC did not have all necessary information until WINZ provided repayment details on 20 December 2005 and the appellant provided IRD tax code on 17 January 2006; ACC paid within one month of receiving the WINZ information and within 48 hours of receiving the tax code, so no late payment occurred under s114 IPRC Act and no interest is payable; compound interest is not authorised by statute.