South Australian Consolidated Acts South Australian Consolidated Acts118—Treasurer may fix rate of interest
(1) The Treasurer may
from time to time, by notice published in the Gazette, fix the annual rate of
interest for the purposes of this Act, and may in the same manner annul any
rate so fixed.
(2) Any such notice
may provide for a rebate of such interest on condition of prompt payment of
principal or of interest or on any other condition, and any provision of any
mortgage or other security giving effect to any such rebate shall be valid.
(3) Any rate so fixed
shall come into force on the fourteenth day after the date of the Government
Gazette in which the same is published, and shall continue in force until the
fourteenth day after the date of the Government Gazette in which the notice
annulling the same is published.