NSWIn ForceAct
Transport Employees Retirement Benefits Act 1967
52Prescribed rate of interest
Start here
Get a plain-English read of 52
Turn the raw legal text into a practical explanation grounded in Transport Employees Retirement Benefits Act 1967.
52 Prescribed rate of interest
52 Prescribed rate of interest
(1) For the purposes of this Act, the prescribed rate means four and one-quarter per centum per annum or, where some higher rate is prescribed, that higher rate.
(2) Different rates may be prescribed under this section for the purposes of different provisions of this Act.