Gray v Tulip Holdings Ltd [pdf, 176 KB]
...accommodation and the respondents alleged breaches and that part of the claim fails accordingly. CLAIM NO.00499 – GRAY DETERMINATION.doc 17 Interest [55] The owners claim interest under two heads, namely borrowing costs and interest under clause 15, Part 2 of the Schedule to the Act. First, the owners claim interest for 12 months on $70,000.00 borrowed from Westpac to finance repairs at a rate of 7.5%. Secondly, the owners claim interest at 7.5% per annum on various amo...