QLDIn ForceAct
Housing Act 2003
sec.92Standard interest rates
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### sec.92 Standard interest rates
The chief executive may, by publishing a notice in a newspaper circulating throughout the State, declare 1 or more standard interest rates for owner-occupied home loans made by the chief executive under this Act.
The declared rates may include—
1 or more standard fixed interest rates; and
1 or more standard variable interest rates.
A declared interest rate must be consistent with the interest rate policy prescribed under a regulation.
A declared interest rate applies to a loan if the rate is stated to apply under this Act or under an agreement between the parties to the loan.
s 92 amd 2005 No. 33 s 6
(sec.92-ssec.1) The chief executive may, by publishing a notice in a newspaper circulating throughout the State, declare 1 or more standard interest rates for owner-occupied home loans made by the chief executive under this Act.
(sec.92-ssec.2) The declared rates may include— 1 or more standard fixed interest rates; and 1 or more standard variable interest rates.
(sec.92-ssec.3) A declared interest rate must be consistent with the interest rate policy prescribed under a regulation.
(sec.92-ssec.4) A declared interest rate applies to a loan if the rate is stated to apply under this Act or under an agreement between the parties to the loan.
- (a) 1 or more standard fixed interest rates; and
- (b) 1 or more standard variable interest rates.