NZ Domaine Investments Ltd v Tauranga City Council [2013] NZWHT Auckland 30 [pdf, 81 KB]
...seeking interest on the cost of the remedial work and the lost rent. The Act provides for interest to be awarded at the rate not exceeding the 90 day bill rate plus two per cent.7 A schedule of interest was attached to Mr Plummer’s brief. At my request this was recalculated and filed with the Tribunal on the day of the hearing. The 90 day bill rate plus 2 per cent is 4.69 per cent. The schedule prepared by Mr Plummer calculates interest on each payment made from the date of t...