23
CurrentInterest on unpaid legal costs
Schedule 3Costs disclosure and adjudication
Part 4Legal costs generally
23 Interest on unpaid legal costs
(1)
A law practice may charge interest on unpaid legal costs if the costs are unpaid 30 days or more after the practice has given a bill for the costs in accordance with this Schedule.
(2)
A law practice may also charge interest on unpaid legal costs in accordance with a costs agreement.
(3)
A law practice must not charge interest under subclause (1) or (2) on unpaid legal costs unless the bill for those costs contains a statement that interest is payable and of the rate of interest.
(4)
A law practice may not charge interest under this clause or under a costs agreement at a rate that exceeds the rate prescribed by the regulations.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.