Transitional provision
31A Transitional provision
If a period during which interest is required to be calculated under this Part commenced before 12 August 1995, the rate of interest to be applied to any part of the period—
that occurred before the commencement of the Workers Compensation (Interest Rates) Regulations 1992, is the rate of interest prescribed by the Workers Compensation Regulations 1985 as in force before that commencement;
after the commencement of the Workers Compensation (Interest Rates) Regulations 1992, but before 12 August 1995 is the rate of interest prescribed by the Workers Compensation Regulations 1985 as amended by the Workers Compensation (Interest Rates) Regulations 1992;
from 12 August 1995 but before 1 July 2006, is the rate of interest prescribed by the Workers Compensation Regulations 1995;
from 1 July 2006, is the rate determined in accordance with this Act.
No. 5601 ss 32, 33.
Pt 1 Div. 7 (Heading and ss 32, 33) amended by Nos 7292 s. 12(2)(b), 8733 s. 12, substituted as Pt 1 Div. 7 (Heading and s. 32) by No. 10191 s. 262.
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