Commonwealth Consolidated Acts

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FAMILY LAW ACT 1975 - SECT 117B

Interest on moneys ordered to be paid

             (1)  Subject to any order made by the court under subsection (2), where, in proceedings under this Act, a court makes an order for the payment of money (other than an order for the payment by way of maintenance of a periodic sum), interest is payable, at the rate prescribed by the applicable Rules of Court, from:

                     (a)  the date on which the order is made; or

                     (b)  the date on which the order takes effect;

whichever is later, on so much of the money as is from time to time unpaid.

             (2)  A court that makes an order for the payment of money as mentioned in subsection (1) may order that interest is not payable on the money payable under the first-mentioned order or may order:

                     (a)  that interest is payable at a rate specified in the order, being a rate other than the rate prescribed by the applicable Rules of Court; or

                     (b)  that interest is payable from a date specified in the order, being a date other than the date from which the interest would be payable under subsection (1).



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