Bankruptcy Regulations 1996

PART 2 - ADMINISTRATION  

REGULATION 2.01  

2.01   SECTION 20J OF THE ACT - PRESCRIBED RATE OF INTEREST ON MONEYS IN COMMON FUND  


For the purposes of section 20J of the Act, the prescribed rate of interest is 7 percent per year.
Note:

This rate is prescribed under subsections 20J(2) and (4) of the Act.




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