Queensland Consolidated Acts

LEGAL PROFESSION ACT 2007 - SECT 321

321 Interest on unpaid legal costs

(1) A law practice may charge interest on unpaid legal costs—

(a) if a costs agreement provides for charging interest on unpaid legal costs—under the costs agreement; or

(b) otherwise—if the costs are unpaid 30 days or more after the law practice has given a bill for the costs under this part.

(2) However, a law practice must not charge interest under subsection (1) on unpaid legal costs unless the bill for the costs contains a statement that interest is payable and of the rate of interest.

(3) A law practice may not charge interest under this section, including under a costs agreement, at a rate that is more than the rate prescribed under a regulation.