s 21
In forceWhat is the weighted bond rate
Chapter 2Valuations
Part 2Valuation methodologies
Division 3Site value and unimproved value
Subdivision 2Site value of improved land
21 What is the weighted bond rate
The weighted bond rate is the following interest rate, plus 3%—
(a)
the interest calculated at the monthly yield rate published by the Reserve Bank of Australia relating to government bonds for a 10-year period on borrowed funds that have not been repaid;
(b)
if there is no monthly yield rate published as mentioned in paragraph (a)—the interest rate prescribed under a regulation.
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