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Copyright Act 1994

Copyright Tribunal - Jurisdiction and procedure

222A: Power to award interest

You could also call this:

"Getting extra money for waiting to be paid"

Illustration for Copyright Act 1994

You can get an order from the Tribunal to pay money under Part 8. The Tribunal can also order interest on the money. This is to compensate for delayed payment. You get interest for a period the Tribunal decides, up to the date the money is paid. The interest is calculated using Schedule 2 of the Interest on Money Claims Act 2016. This ensures the interest is fair. The Tribunal's order will say how much interest you get and for how long. It will be based on what the Tribunal thinks is appropriate. The interest will be part of the order to pay money.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS4826.

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Part 10Copyright Tribunal
Jurisdiction and procedure

222APower to award interest

  1. This section applies where the Tribunal makes an order under Part 8 for the payment of an amount of money (including money required to be repaid, or further money required to be paid, in respect of charges already paid).

  2. The Tribunal's order may include an award of interest on the whole or part of the money, payable for the period, ending not later than the date that the money is paid, that the Tribunal thinks appropriate, as compensation for delay in payment of the money.

  3. Interest awarded under this section must be calculated in accordance with (or on a basis that ensures it does not exceed interest calculated in accordance with) Schedule 2 of the Interest on Money Claims Act 2016.

Notes
  • Section 222A: inserted, on , by section 4 of the Copyright Amendment Act 2016 (2016 No 59).