Victorian Consolidated Legislation

Penalty Interest Rates Act 1983 - SECT 7

Interest on solicitors' costs

7. Interest on solicitors' costs

     In section 88 of the Principal Act for the words "at the maximum rate then approved by the Australian Loan Council for long-term borrowing for new public securities issued by semi-government authorities" there shall be substituted the expression "at the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983".