NTIn ForceRegulation
LEGAL PROFESSION REGULATIONS 2007
80DInterest on unpaid legal costs
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80D Interest on unpaid legal costs (1) For section 316(4) of the Act, the rate of interest is the rate equal to the Cash Rate Target as at the relevant date, increased by 2 percentage points. (2) Subregulation (1) does not apply to a period legal costs are unpaid occurring before the commencement of this regulation. Cash Rate Target means the percentage (or maximum percentage) specified by the Reserve Bank of Australia as the Cash Target Rate. relevant date means the date the bill was issued by the law practice concerned.