75
CurrentInterest on unpaid legal costs
75 Interest on unpaid legal costs
(1)
For the purposes of section 195 of the Uniform Law, the rate of interest is the rate that is equal to the Cash Rate Target as at the relevant date, increased by 2 percentage points.
(2)
In this rule—
Cash Rate Target means the percentage (or maximum percentage) specified by the Reserve Bank of Australia as the Cash Rate Target.
relevant date means the date the bill was issued by the law practice concerned.
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