6Adjustment period—less than 12 months within financial year

6 Adjustment period—less than 12 months within financial year

(1) This section applies to an adjustment period of less than 12 months that begins and ends in the financial year beginning on 1 July 2025. (2) For paragraph 76(4)(b) of the regulations, the method for working out the interest rate for the adjustment period is by using the formula: Start formula 1.069 superscript start fraction d over 365 end fraction end superscript minus 1 end formula where:

d is the number of days in the adjustment period.