TASIn ForceRegulation
Gas Safety Regulations 2021
87Rate of penalty interest
Start here
Get a plain-English read of 87
Turn the raw legal text into a practical explanation grounded in Gas Safety Regulations 2021.
87 Rate of penalty interest
For the purposes of section 16(2)(a) of the Act, the prescribed rate for penalty interest is a rate equal to the Commonwealth official 10-year government bond rate, as published by the Reserve Bank of Australia on the last business day of the months of March, June, September and December of each year, plus 50% of that rate.