South Australian Consolidated Acts South Australian Consolidated Acts (1) The interest rate
that applies under this Division is the sum of—
(a) the
market rate; and
(b) 8
per cent per annum.
(2) The "market rate"
is—
(a)
unless an order is in force under paragraph (b), in relation to interest
accruing at any time during a particular financial year, the average rate of
the daily 90-day Bank Accepted Bill Rate prescribed by the Reserve Bank of
Australia for the month of May preceding the financial year (rounding up 0.005
to 2 decimal places); or
(b) the
rate specified from time to time by order of the Minister published in the
Gazette.