Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsFor subsection 132(1) of the Code, the prescribed rate of interest in respect of the relevant credit contract is the annual percentage rate under that contract as at:
(a) the date of the judgment; or
(b) if the contract was not still in force at that date--the date immediately before the contract was terminated.
Note: Subsection 132(1) of the Code allows interest to be paid on damages awarded under the linked credit provider provisions of the Code. The rate of interest is to be the rate prescribed by the regulations.