Victorian Consolidated Legislation

Penalty Interest Rates Act 1983 - SECT 10

Interest on judgments

10. Interest on judgments

     In section 86(4) of the County Court Act 1958 for the words "maximum rate approved by the Australian Loan Council at the time the judgment is entered for long-term borrowing for new public securities issued by semi-government authorities" there shall be substituted the expression "rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983".