160Interest applicable to Litigants Fund

160 Interest applicable to Litigants Fund

(1)  As soon as practicable after 30 June and 31 December in each year, the Administrator is to certify the rate of interest applicable to the Litigants Fund for the immediately preceding 6-month period.

(2)  The certified rate is to be not more than, and within 1% of, the average rate of interest paid on money in the account of the Litigants Fund during the relevant period.

(3)  The Administrator is to maintain a register of certifications.

(4)  Money paid into the Litigants Fund is to accrue interest at the certified rate.

(5)  Unless the Court orders otherwise, interest is taken to be part of the principal paid into the Litigants Fund.

(6)  Interest does not accrue in respect of any 6-month period unless the Administrator has certified the rate under subrule (1) .

(7)  The Court may order the appropriate disposition of interest accrued under this rule.