Pastoral Land Regulations 1992

For section 124(2) of the Act, interest accrues on an amount from time to time due and payable to the Territory (other than under section 59 of the Act) at the rate of 1% above the Commonwealth Bank of Australia standard overdraft rate applicable on the first working day of each relevant quarter, commencing one month after the amount first became payable and afterwards on the first working day after each subsequent 1 October, 1 January, 1 April and 1 July, as the case may be, with corresponding quarterly rests.