8Adjustment of reserves and accounts for interest etc

#### 8 Adjustment of reserves and accounts for interest etc 8 Adjustment of reserves and accounts for interest etc > > (1) Whenever appropriate, STC must fix a rate of interest for the purposes of subsection (2) after having regard to— > > > > > (a) the income of the Fund, and > > > > > (b) the amount of tax (if any) that has to be paid under a Commonwealth taxation law in respect of the investment income of the Fund, and > > > > > (c) such other matters as it considers relevant. > > > (2) Whenever appropriate, STC must adjust each of the reserves and accounts established under this Part by applying the rate of interest that is currently fixed under subsection (1). > > > (3) STC may fix a rate of interest for the purpose only of enabling specific reserves or accounts to be adjusted. > > **s 8:** Subst 1967 No 93, sec 2 (1) (c). Am 1975 No 98, Sch 13 (6). Subst 1983 No 153, Sch 2. Rep 1987 No 214, Sch 1 (5). Ins 1988 No 133, Sch 1 (2). Am 1996 No 39, Sch 4.