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COMMONWEALTHAct
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s 45

Simplified outline

In force
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.

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