205AAE
In forcePenalty interest rate
Volume 3Parts VI to XII, sections 94 to 216
Part XIIMiscellaneous
205AAE Penalty interest rate
(1)
The penalty interest rate is:
(a)
3% per year; or
(b)
if another percentage is determined in an instrument under subsection (2)—that percentage per year.
(2)
The Minister may, by legislative instrument, determine a percentage for the purposes of paragraph (1)(b).
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