Hi Linda,
I am not a specialist in the area of sundry debtors, but I have been led to believe that in the Act being silent on interest on sundry debtors whilst being specific in relation to rates and charges that it is exclusive in its absence. Also, I haven’t reviewed consumer credit legislation in many years so am not certain whether this is accurate. I would love to hear from any Councils that have received legal advice or found conclusive evidence that interest on sundry debtors is permissible as we currently do not charge interest.
Thanks,
Susan
