Introductory Text
Part I Statutory Interest on Qualifying Debts
1.Statutory interest
2.Contracts to which Act applies
3.Qualifying debts
4.Period for which statutory interest runs
5.Remission of statutory interest
6.Rate of statutory interest
Part II Contract terms relating to late payment of qualifying debts
7.Purpose of Part II
8.Circumstances where statutory interest may be ousted or varied
9.Meaning of “substantial remedy”
10.Interpretation of Part II
Part III General and Supplementary
11.Treatment of advance payments of the contract price
12.Conflict of laws
13.Assignments, etc
14.Contract terms relating to the date for payment of the contract price
15.Orders and regulations
16.Interpretation
17.Short title, commencement and extent