CHILD CARE PAYMENTS ACT 1997 No. 195 of 1997 - SECT 141 Penalty interest rate

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CHILD CARE PAYMENTS ACT 1997 No. 195 of 1997 - SECT 141

Penalty interest rate (1) The penalty interest rate is:

(b) if a lower rate is determined under subsection (2)--that lower rate.

(2) The Minister may determine, in writing, a rate of less than 20% per year that is to be the penalty interest rate for the purposes of sections 139 and 140.

(3) A determination under subsection (2) is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901 .

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