South Australian Consolidated Regulations South Australian Consolidated Regulations3—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.