South Australian Numbered Acts

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STATUTES AMENDMENT AND REPEAL (TAXATION ADMINISTRATION) ACT 2008 (NO 38 OF 2008) - SECT 46

46—Amendment of section 26—Interest rate

Section 26(2)(a)—delete paragraph (a) and substitute:

            (a)         unless an order is in force under paragraph (b), in relation to interest accruing at any time during a particular financial year, the average rate of the daily 90-day Bank Accepted Bill Rate prescribed by the Reserve Bank of Australia for the month of May preceding the financial year (rounding up 0.005 to 2 decimal places); or



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