New South Wales Consolidated Acts

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INTEREST REDUCTION ACT 1931 - SECT 12

Effect of reduction

12 Effect of reduction

Every payment of interest by a debtor made at a rate ascertained in pursuance of section five or section six of this Act, or in accordance with any order made under section seven of this Act, shall be a full discharge of such debtor’s liability to pay interest in respect of the period to which such payment relates.



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