South Australia

   Administration and Probate Regulations 2009

   under the Administration and Probate Act 1919

   Contents
   1 Short title
   2 Commencement
   3 Interest on pecuniary legacies (section 120A)

   Schedule 1--Revocation of Administration and Probate (Interest on
   Pecuniary Legacies) Regulations 1994

   Legislative history

   1--Short title

   These regulations may be cited as the Administration and Probate
   Regulations 2009.

   2--Commencement

   These regulations will come into operation on 1 September 2009.

   3--Interest on pecuniary legacies (section 120A)

   (1) For the purposes of section 120A(1) of the Administration and
   Probate Act 1919, the rate of interest per annum fixed in any financial
   year is--

   (a) for the 6 month period commencing on 1 July--the average mid
   180 day bank bill swap reference rate published by AFMA as at the first
   business day of the period; and

   (b) for the 6 month period commencing on 1 January--the average mid
   180 day bank bill swap reference rate published by AFMA as at the first
   business day of the period.

   (2) In this regulation--

   AFMA means the Australian Financial Markets Association Limited;

   business day means every day except Saturday, Sunday or a public
   holiday.

   Schedule 1--Revocation of Administration and Probate (Interest on
   Pecuniary Legacies) Regulations 1994

   The Administration and Probate (Interest on Pecuniary Legacies)
   Regulations 1994 are revoked.

   Legislative history

   Notes

   o For further information relating to the Act and subordinate
   legislation made under the Act see the Index of South Australian
   Statutes or www.legislation.sa.gov.au.

   Principal regulations

   Year
       No
          Reference
                                 Commencement
   2009
       222
          Gazette 27.8.2009 p3867
                                 1.9.2009:  r 2