Victorian Consolidated Legislation

Penalty Interest Rates Act 1983 - SECT 4

Interest on moneys etc. where no rate contracted

4. Interest on moneys etc. where no rate contracted

     In section 77 of the Principal Act for the words "maximum rate approved by the Australian Loan Council at the time judgment is entered or an order made 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".