37
CurrentSimplified outline
Part 6Crediting of interest
Division 2Gross interest amount and net interest amount
37 Simplified outline
The following is a simplified outline of this Division:
• The expressions gross interest amount and net interest amount are defined.
• Those expressions are used to work out:
(a)
how interest is funded; and
(b)
the rate at which interest accrues to an account.
This Act’s bill:Second reading speech
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