QLDIn ForceAct
Housing Act 2003
sec.145Variable interest rate applying under the repealed Act, s 32AC or 32A
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### sec.145 Variable interest rate applying under the repealed Act, s 32AC or 32A
This section applies if, immediately before the commencement day, an interest rate applying to an agreement was, under a repealed section, the standard variable interest rate.
From the commencement day, section 144 applies to the agreement as if the agreement included a provision applying the standard variable interest rate as in force from time to time.
In this section—
repealed section means the repealed Act, section 32AC or 32A.
standard variable interest rate means the standard variable interest rate declared under the repealed Act, section 32AA.
(sec.145-ssec.1) This section applies if, immediately before the commencement day, an interest rate applying to an agreement was, under a repealed section, the standard variable interest rate.
(sec.145-ssec.2) From the commencement day, section 144 applies to the agreement as if the agreement included a provision applying the standard variable interest rate as in force from time to time.
(sec.145-ssec.3) In this section— repealed section means the repealed Act, section 32AC or 32A. standard variable interest rate means the standard variable interest rate declared under the repealed Act, section 32AA.