Statutory Interest is calculated by:
The period between the start date (this includes the initial insolvency period including the job history)
E.g. for a period 08/06/2016 – 13/04/2017
The number of days will be 310. The period includes both the start date and the end date (not the date difference).
Amount of claim: $20617.25
$20617.25 X Rate X 310 days X 365 days
= $1,400.84 interest due
Where a distribution has been made the date of the distribution will determine the TO Date. That's to say where a creditor has been paid out in full, the interest will not continue to accrue.