5.6.44
CurrentDebt discount rate (Act s 554B)
Chapter 5External administration
Part 5.6Winding up generally
5.6.44 Debt discount rate (Act s 554B)
The discount by which the amount payable on the future date is to be reduced under section 554B of the Act is 8% a year calculated from the declaration of the dividend to the time when the debt would have become payable according to the terms on which it was contracted.
This Act’s bill:Explanatory statement
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