NSWIn ForceRegulation
Insurance Premiums Order 2011–2012
6Late payment prescribed rates: sections 170 (8) and 172 (5) of Act
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6 Late payment prescribed rates: sections 170 (8) and 172 (5) of Act
6 Late payment prescribed rates: sections 170 (8) and 172 (5) of Act
For the purposes of sections 170 (8) and 172 (5) of the Act, the prescribed rate is 1.018% per month compounded monthly.