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COMMONWEALTHAct
In force
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s 37

Simplified outline

In force
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.

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