18AInterest and dividends on money paid into court

18A Interest and dividends on money paid into court

18A Interest and dividends on money paid into court

(1) A registrar of a court must—

(a) deduct 2.5% from an amount received as interest or a dividend on funds paid into court, including a fund constituted by the Supreme Court under section 178 for the distribution of money to group members in representative proceedings, and

(b) pay the deducted amount into the Consolidated Fund.

(2) A reference in subsection (1) to a registrar is, in relation to the Supreme Court, a reference to—

(a) the Principal Registrar of the Court, or

(b) another registrar of the Court nominated by the Principal Registrar.

s 18A: Ins 2023 No 39, Sch 6.5[5].

pt 2A, divs 1–6 (ss 18A–18O): Ins 2010 No 135, Sch 6.2 [2]. Rep 2013 No 1, Sch 1.6 [2].