10 Jul 2007
Dix v Accident Compensation Corporation
- Citation
- [2007] NZACC 151
- Court
- District Court
The wording of s72 is clear: it allows interest on compensation calculated under the Act when payment is late but does not treat interest as part of the compensation base; accordingly interest-on-interest is not permissible and the respondent's calculation of simple interest was correct and is confirmed.