86ASTC empowered to fix interest rates for the purposes of this Act

#### 86A STC empowered to fix interest rates for the purposes of this Act 86A STC empowered to fix interest rates for the purposes of this Act > > (1) Whenever STC considers it necessary to do so, STC may, by resolution, fix a rate of interest for the purposes of section 15A, 21E, 38C, 61, 61A or 91A. > > > (2) A rate fixed under subsection (1) for the purposes of section 38C, 61, 61A or 91A has effect on and from— > > > > > (a) the date on which the resolution of STC fixing the rate is made, or > > > > > (b) if a later date is specified in the resolution, that later date. > > > (3) A rate fixed under subsection (1) for the purposes of section 15A or 21E has effect on and from— > > > > > (a) such date as is specified in the resolution of STC fixing the rate (whether that date is before or after the date of the resolution), or > > > > > (b) if no such date is specified in the resolution, the date on which the resolution is made. > > > (4) Subject to this section, STC has power, and shall be regarded as always having had power, when paying a benefit under this Act, to pay interest at such rates, for such periods and in such circumstances as in its absolute discretion it thinks appropriate. > > > (5) STC may fix different rates for the provisions mentioned in subsection (1). > > **s 86A:** Ins 1988 No 133, Sch 2 (26). Am 1991 No 95, Sch 10 (13); 1996 No 39, Sch 4.