313
CurrentRate of interest
Part 17Orders and undertakings
Division 1Orders
313 Rate of interest
The prescribed rate at which interest is payable under the Act sections 205ZW(b) and 239 and the Family Law Act sections 87(11)(b), 90KA(b), 90UN(b) and 117B(1) is —
(a)
for the period beginning on 1 January and ending on 30 June in any year, the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before that period began; and
(b)
for the period beginning on 1 July and ending on 31 December in any year, the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before that period began.
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