South Australian Consolidated Regulations South Australian Consolidated Regulations56C—Prescribed rate of interest
(1) For the purposes
of section 105J(9) of the Act, the prescribed rate of interest will be
the designated rate applying at the time at which the period fixed by the
Minister under subsection (9)(b)(i) of that section expires.
(2) For the purposes
of this regulation, the designated rate will be the fixed-rate unsecured
personal loan rate fixed by the National Australia Bank Limited as at the
commencement of the financial year during which the period referred to in
subregulation (1) expires (or, if there is more than 1 such rate,
the average of all such rates to 2 decimal places).