53Interest rate

53 Interest rate (1) The interest rate is the sum of— (a) the discount rate component; and (b) the premium rate component. (2) The Minister must, after consultation with the governing board, make guidelines for determining the interest rate components mentioned in subsection (1). (3) A guideline is a disallowable instrument. (4) The governing board must— (a) in accordance with the guidelines, determine the interest rate; and (b) tell the Minister, in writing, about the determination. (5) A determination is a notifiable instrument.