Victorian Consolidated Legislation

Penalty Interest Rates Act 1983 - SECT 5

Interest on debts or certain sums recovered

5. Interest on debts or certain sums recovered

     In section 78(1) of the Principal Act for the words "the maximum rate approved by the Australian Loan Council at the time the judgment is entered or the order made for long-term borrowing for new public securities issued by semi-government authorities" there shall be substituted the expression "the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983".