Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Interest is payable by the member or dependant on a payment under an agreement that is postponed under this Division until the payment is made.
(2) The interest is payable to the person to whom the postponed payments are required to be made.
(3) The rate of the interest is:
(a) the rate or rates specified in the agreement concerned before the interest falls due; or
(b) if no rate of interest is specified in the agreement—the rate worked out in accordance with the regulations as in force at the start of the member’s call out day.
(4) The interest is payable after the start of the postponement:
(a) at the times specified in the agreement for paying interest; or
(b) if no times are specified or the times specified have passed—at the end of 3 months after the start of the postponement and at the end of each successive period of 3 months after that.
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