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

+2 votes
335 views

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

asked Oct 10, 2012 in Payment by BuiltIntelligence (840 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 (840 points)  
edited Oct 24, 2012 by Rob Glasspool