Commonwealth Consolidated Regulations

FEDERAL COURT RULES 2011 - RULE 39.06

    The prescribed rate at which interest is payable under section   52(2)(a) of the Act is:

  (a)   for the period from 1   January to 30   June in any year--the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before the period commenced; and

  (b)   for the period 1   July to 31   December in any year--the rate that is 6% above the cash rate last published by the Reserve Bank of Australia before the period commenced.

Note:   Section   52(2) of the Act provides that interest is payable:

(a)   at such rates as are fixed by the Rules of Court; or

(b)   if the Court, in a particular case, thinks that justice so requires--at such lower rate as the Court determines.

Rules   39.07 - 39.10 left blank