New South Wales Consolidated Acts(Section 5A)
The interest payable under section 126A (1) in respect of any period before the commencement of the Public Works (Interest) Amendment Act 1986 is payable at the rate at which it would have been payable had that Act not been enacted.
Until a notification is published under section 126A (5) on or after the commencement of the Public Works (Interest) Amendment Act 1986 , the interest rate payable under section 126A (1) on and from that commencement is:
(a) where the total amount of compensation is less than $50,000-12 per cent per annum, or
(b) where the total amount of compensation is $50,000 or more-12.5 per cent per annum.
(1) Despite the repeal of the Acts listed in Column 1 of the Table to this subclause, the provisions listed in Column 2 continue to have effect and are taken to have been transferred to this Act.
Table Column 1 Column 2 Broken Hill Water and Sewerage (Radium Hill) Amendment Act 1954 Sections 3-8 and Schedule Warwick Farm Railway (Amendment) Act 1924 Sections 2 and 3 and the Schedule
(2) The provisions listed in Column 2 of the Table to subclause (1) are transferred provisions to which section 30A of the Interpretation Act 1987 applies.
The provisions listed in the following Table are taken to have been transferred to this Act and to be transferred provisions to which section 30A of the Interpretation Act 1987 applies.
| Table | |
| Column 1 | Column 2 |
| Great Northern Railway Deviation (Singleton to Nundah) Act 1951 | Section 6 |
| Newcastle Islands Development Scheme Railway Act 1966 | Section 7 |
| Port Kembla Inner Harbour (Further Construction) Act 1961 | Section 8 |
| Railway Construction (East Hills to Campbelltown) Act 1983 | Section 10 |
| Sutherland to Cronulla Railway Act 1936 | Section 6 |
| Whittingham to Mount Thorley Railway Act 1975 | Section 10 |