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When does interest to be paid for a late payment begin?

+2 votes
340 views

 When does interest to be paid for a late payment begin?

asked Oct 10, 2012 in Payment by BuiltIntelligence (870 points)  

1 Answer

+2 votes
 
Best answer

Interest applied to a late payment is charged from the date when the payment should have been made (see Clause 51.2).

answered Oct 10, 2012 by BuiltIntelligence (870 points)  
edited Oct 24, 2012 by Rob Glasspool