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1983 No. 140 LOAN (INCOME EQUALIZATION DEPOSITS) REGULATIONS (AMENDMENT) - REG 2

2. Regulation 2 of the Loan (Income Equalization Deposits) Regulations is
repealed and the following regulation substituted: Rates of interest payable
in respect of deposits

"2. For the purposes of sub-section 4 (4) of the Loan (Income Equalization 
Deposits) Act 1976 , interest is payable-

   (a)  at the rate of 7.5 per centum per annum in respect of deposits
        accepted before 1 September 1983;

   (b)  at the rate of 16.792 per centum per annum in respect of deposits
        accepted on or after 1 September 1983 when the depositor has met the
        terms and conditions determined by the Treasurer for the purposes of
        sub-section 4 (6) of that Act; and

   (c)  at the rate of 11.792 per centum per annum in respect of deposits
        accepted on or after that date when the depositor has not met those
        terms and conditions.". 


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