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Land Transfer Act 2017

Land title and registration - Compensation - Calculation of compensation for deprivation of estate or interest in land

70: Award of interest on compensation

You could also call this:

"Getting interest on your compensation payment"

Illustration for Land Transfer Act 2017

When you get compensation, you might also get interest. The court or the Attorney-General and the Registrar decide this. They work out the interest from when you made your claim to when they make a decision.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6731215.

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69: Contribution by claimant to loss, or

"No compensation if your actions caused the loss or damage"

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71: Right of subrogation, or

"The Crown takes your place when you get compensation"

Part 2Land title and registration
Compensation: Calculation of compensation for deprivation of estate or interest in land

70Award of interest on compensation

  1. The amount of compensation ordered by the court, or accepted by the Attorney-General and the Registrar under this subpart, may include interest at the prescribed rate from the date of the claim to the date of judgment or acceptance.