Adjudication Interest Rates

The various security of payment adjudication schemes provide interest rates to apply to adjudicated amounts from the due date for payment decided by the adjudicator.

In general the legislations provides for the greater of the interest rate under the contract or a statutory interest rate under separate legislation (usually the Supreme Court).  In some states and territories such as QLD other legislation such as the Queensland Building Service Act (QBSA) is also taken into consideration.

Click on the state or territory below if you want to find out more?

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