15Return of property—calculation of interest payable on property value

15 Return of property—calculation of interest payable on property value

15 Return of property—calculation of interest payable on property value

For the purposes of the Act, section 42S(1)—

(a) the date from which interest is payable is the date on which the property was sold or otherwise disposed of, and

(b) the rate at which interest is payable is the standard rate or, if there is no longer a standard rate, the rate applicable from time to time in relation to money invested for trust matters in a common fund established under the NSW Trustee and Guardian Act 2009, section 104.