s 53
In forceInterest rate
Part 5Quarterly returns and payments
53 Interest rate
(1)
The interest rate is the sum of—
(a)
the discount rate component; and
(b)
the premium rate component.
(2)
The Minister must, after consultation with the governing board, make guidelines for determining the interest rate components mentioned in subsection (1).
(3)
A guideline is a disallowable instrument.
(4)
The governing board must—
(a)
in accordance with the guidelines, determine the interest rate; and
(b)
tell the Minister, in writing, about the determination.
(5)
A determination is a notifiable instrument.
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