Interest on Money Claims Act 2016

Version as at 28 October 2021

Coat of Arms of New Zealand

Interest on Money Claims Act 2016

Public Act
2016 No 51
Date of assent
17 October 2016
see section 2

The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.

Note 4 at the end of this version provides a list of the amendments included in it.

This Act is administered by the Ministry of Justice.


3Primary purpose
4Additional purpose
7Transitional, savings, and related provisions
8Act binds the Crown
9Period for mandatory award of interest
10Mandatory award of interest
11Initial amount
12Calculation of interest awarded under section 10
13Internet site calculator
14Calculation if judgment debt paid in full in 1 payment
15Calculation if judgment debt paid in instalments
16References to paying debt in full or paying instalments
17Discretion if money judgment expressed in foreign currency
18Discretion in special circumstances
19No interest to be awarded on penalty
20Restrictions on award of interest for certain specified periods
21No interest to be awarded for period contrary to provisions of another Act
22Award of interest if contract makes relevant provision
23Rules of interpretation for contractual provisions
24Special provision for interest or lump sum relating to contracts entered into before commencement
25Court may not award interest unless procedural requirements complied with
26Preservation of common law and equitable rights
28Calculation of interest for amounts under other enactments
29Amendments to other enactments

The Parliament of New Zealand enacts as follows: