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Civil Proceedings Act 2011
sec.107Regulation-making power
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### sec.107 Regulation-making power
The Governor in Council may make regulations under this Act.
In making a regulation prescribing a discount rate for section 61 , the Governor in Council may prescribe a positive, zero or negative rate.
In recommending the making of a regulation prescribing a discount rate for section 61 , the Minister must have regard to the following factors—
the prevailing rates of inflation;
the prevailing yields on fixed term investments;
the prevailing yields on investments in equities;
the other economic factors the Minister considers are relevant to prescribing an appropriate discount rate.
A regulation under part 11A may make provision about money in court or securities in court, including provision about any of the following—
the procedure for paying money into court or depositing securities into court;
the affidavits or other documents that must be completed or given in relation to the payment of money into court or deposit of securities into court;
the keeping of records relating to money in court or securities in court;
the remittance of money or securities by the registrar of a court to the chief executive;
the investment of money in court or securities in court;
how the chief executive or the registrar of a court may or must deal with money in court or securities in court;
interest on money in court, including provision about the rate or calculation of interest and the way in which, and times at which, interest must be paid;
the payment or transfer of money or securities out of court.
s 107 amd 2023 No. 23 s 41
(sec.107-ssec.1) The Governor in Council may make regulations under this Act.
(sec.107-ssec.2) In making a regulation prescribing a discount rate for section 61 , the Governor in Council may prescribe a positive, zero or negative rate.
(sec.107-ssec.3) In recommending the making of a regulation prescribing a discount rate for section 61 , the Minister must have regard to the following factors— the prevailing rates of inflation; the prevailing yields on fixed term investments; the prevailing yields on investments in equities; the other economic factors the Minister considers are relevant to prescribing an appropriate discount rate.
(sec.107-ssec.4) A regulation under part 11A may make provision about money in court or securities in court, including provision about any of the following— the procedure for paying money into court or depositing securities into court; the affidavits or other documents that must be completed or given in relation to the payment of money into court or deposit of securities into court; the keeping of records relating to money in court or securities in court; the remittance of money or securities by the registrar of a court to the chief executive; the investment of money in court or securities in court; how the chief executive or the registrar of a court may or must deal with money in court or securities in court; interest on money in court, including provision about the rate or calculation of interest and the way in which, and times at which, interest must be paid; the payment or transfer of money or securities out of court.
- (a) the prevailing rates of inflation;
- (b) the prevailing yields on fixed term investments;
- (c) the prevailing yields on investments in equities;
- (d) the other economic factors the Minister considers are relevant to prescribing an appropriate discount rate.
- (a) the procedure for paying money into court or depositing securities into court;
- (b) the affidavits or other documents that must be completed or given in relation to the payment of money into court or deposit of securities into court;
- (c) the keeping of records relating to money in court or securities in court;
- (d) the remittance of money or securities by the registrar of a court to the chief executive;
- (e) the investment of money in court or securities in court;
- (f) how the chief executive or the registrar of a court may or must deal with money in court or securities in court;
- (g) interest on money in court, including provision about the rate or calculation of interest and the way in which, and times at which, interest must be paid;
- (h) the payment or transfer of money or securities out of court.