Section 45 — Minimum amount of interest — Unclaimed Money Act 2008 (Victoria) — Barrister AI

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Section 45 — Minimum amount of interest — Unclaimed Money Act 2008 (Victoria) — Barrister AI

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Division 1A — Repayment notices

s 43Interest in respect of default by business or trustee s 44Interest rate s 45Minimum amount of interest s 46Interest rate to prevail over interest otherwise payable on a judgment debt s 47Remission of interest

Part 8 — Unclaimed superannuation benefits

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45

Minimum amount of interest

Current

Part 4—Registrar's obligations and powers in respect of unclaimed money

Division 3—Interest

45 Minimum amount of interest

A business or trustee is not liable under this Act to pay an amount of interest if the amount of interest is less than $20.

This Act’s bill:Explanatory memorandum Second reading speech

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