Western Australian Numbered Acts Western Australian Numbered Acts (1) Unless an
arbitrator orders in any particular case that interest is not payable,
interest is payable on so much of the amount of any sum ordered to be paid by
an arbitrator as is from time to time unpaid.
(2) Interest payable
in respect of any sum ordered to be paid —
(a) must
be calculated as from the day on which the order was made or from a later day,
if any, fixed by an arbitrator in any particular case; and
(b) must
be calculated at a rate prescribed by or determined under the regulations; and
(c)
forms part of the sum ordered to be paid, but not so as to require the payment
of interest on interest.
(3) If an amount
ordered to be paid is paid in full within the period prescribed or determined
under the regulations, interest is not payable on the amount so paid.