45
CurrentSimplified outline
Part 6Crediting of interest
Division 4Allocation day and allocation rate
45 Simplified outline
The following is a simplified outline of this Division:
• The allocation day for a quarter is published in the Gazette. The allocation day is the day on which interest is credited to accounts.
• The allocation rate for a quarter is published in the Gazette. The allocation rate is the rate at which interest accrues to an account.
• The allocation rate is worked out under section 47.
This Act’s bill:Second reading speech
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