Reduction in interest on unpaid legal costs
Tue Oct 01 2019Practice management
The Reserve Bank Board today decided to lower the cash rate target by 0.25% to 0.75%. Accordingly, the rate of interest on unpaid legal costs, prescribed by s 195 of the Legal Profession Uniform Law (NSW) and Rule 75 of the Legal Profession Uniform General Rules 2015 (NSW), is now 2.75%.
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