Commonwealth Numbered Acts

DEFENCE HOME OWNERSHIP ASSISTANCE SCHEME ACT 2008 (NO. 27, 2008) - SECT 53

             (1)  The Minister may, by legislative instrument, determine:

                     (a)  an interest rate for the purpose of subsection (2); or

                     (b)  a formula or other method for working out an interest rate for the purpose of subsection (2).

             (2)  In this Act:

"median interest rate" is the lower of the following:

                     (a)  the interest rate determined under paragraph (1)(a), or worked out in accordance with a determination under paragraph (1)(b);

                     (b)  an interest rate prescribed by the regulations.