Part 6Making of award and termination of proceedings

Part 6 Making of award and termination of proceedings Section 33F page 52 Commercial Arbitration Act 2017 Effective: 02/07/19 R3 02/07/19 Authorised by the ACT Parliamentary Counsel—also accessible at www.legislation.act.gov.au (3) The arbitral tribunal may set a reasonable rate of interest. (4) The interest is payable— (a) from the day immediately following the due date; and (b) on so much of the money as remains unpaid. (5) The direction is taken to form part of the award. Note There is no equivalent to this section in the Model Law. Recourse against award Part 7 Section 34 R3 02/07/19 Commercial Arbitration Act 2017 Effective: 02/07/19 page 53 Authorised by the ACT Parliamentary Counsel—also accessible at www.legislation.act.gov.au Part 7 Recourse against award