17
CurrentValidity of certain calculations of penalty interest
17 Validity of certain calculations of penalty interest
s. 17
If, before the commencement of the Appeal Costs and Penalty Interest Rates Acts (Amendment) Act 2004—
(a)
a notice published in the Government Gazette purported to fix the penalty interest rate commencing on a date preceding the date of publication of the notice; and
(b)
penalty interest at the rate purported to have been fixed has been calculated from the date referred to in the notice—
the calculation of interest from that date is not by that reason alone invalid.
This Act’s bill:Second reading speech
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