LAND ACQUISITION AND COMPENSATION ACT 1986 - SECT 52 Determination of rate of interest
LAND ACQUISITION AND COMPENSATION ACT 1986 - SECT 52
Determination of rate of interest(1) The Governor in Council may from time to time, by Order published in the Government Gazette, determine the rate of interest to be paid in respect of unpaid compensation under this Act.
(2) The rate of interest determined by the Governor in Council must not exceed the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983 .