145
In forceVariable interest rate applying under the repealed Act, s 32AC or 32A
Part 10Repeal, savings and transitional provisions
Division 4Other savings and transitional provisions
145 Variable interest rate applying under the repealed Act, s 32AC or 32A
(1)
This section applies if, immediately before the commencement day, an interest rate applying to an agreement was, under a repealed section, the standard variable interest rate.
(2)
From the commencement day, section 144 applies to the agreement as if the agreement included a provision applying the standard variable interest rate as in force from time to time.
(3)
In this section—repealed section means the repealed Act, section 32AC or 32A.standard variable interest rate means the standard variable interest rate declared under the repealed Act, section 32AA.
This Act’s bill:Explanatory memorandum
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.