South Australian Numbered Regulations South Australian Numbered Regulations38—Rate of interest payable on weekly payments in arrears (section 65 of Act)
(1) Subject to subregulation (2)
, for the purposes of section 65(1) of the Act, the amount in arrears will be increased by interest on the amount at the prime bank rate for the financial year in which the amount went into arrears, compounded on a weekly basis for each complete week that the amount is in arrears.
(2) If the amount the worker is entitled to be paid relates to more than 1 financial year, those amounts will be increased by interest at the relevant prime bank rate for each financial year, compounded on a weekly basis.