sec.25Minimum instalment

### sec.25 Minimum instalment For the Act , schedule 2 , definition minimum instalment , the minimum amount a person who may pay an amount by instalments must pay is— for the first instalment—$60; and for each subsequent instalment— $30 for each fortnight, regardless of the frequency at which instalments must be paid; or the amount remaining to be paid, if it is less than $30. If the instalment payment notice requires instalments to be paid every 4 weeks, the minimum instalment for each 4 weeks is $60. - (a) for the first instalment—$60; and - (b) for each subsequent instalment— (i) $30 for each fortnight, regardless of the frequency at which instalments must be paid; or (ii) the amount remaining to be paid, if it is less than $30. Example for paragraph (b) (i) — If the instalment payment notice requires instalments to be paid every 4 weeks, the minimum instalment for each 4 weeks is $60. - (i) $30 for each fortnight, regardless of the frequency at which instalments must be paid; or - (ii) the amount remaining to be paid, if it is less than $30. - (i) $30 for each fortnight, regardless of the frequency at which instalments must be paid; or - (ii) the amount remaining to be paid, if it is less than $30.