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Labour Relations Act, 1995 (Act No. 66 of 1995)


Bargaining Council for the Motor Ferry Industry

Main Collective Agreement

34. Interest Clause



Whenever any amount payable to the Council in terms of this Agreement is not paid on the due date, interest shall be payable on such amount or on any such lesser amount as may remain unpaid, calculated from the due date of payment at the rate applied by the Reserve bank at the time.