New South Wales Consolidated Acts

LAND ACQUISITION (JUST TERMS COMPENSATION) ACT 1991 - SECT 50

50 Rate of interest on compensation

(1) The rate of interest payable on any payment of compensation under this Part is such rate as the Treasurer may from time to time determine by notification published in the Gazette.

(2) Different rates of interest may be determined under this section.

(3) The Treasurer is to have regard to the rates of interest paid by banks when determining rates of interest under this section.

(4) Rates of interest determined under this section apply even though the compensation is payable under an order of a court.