Western Australian Consolidated Acts

STATE TRADING CONCERNS ACT 1916 - SECT 9

9 .         Interest on capital expenditure from Consolidated Account

        (1)         Interest on the daily balance of money provided out of moneys standing to the credit of the Consolidated Account shall be charged in the books of each trading concern. The amount of such interest shall be credited to the Consolidated Account half-yearly or at such other time as the Treasurer shall direct.

        (2)         The rate of interest shall be from time to time, fixed by the Treasurer.

        [Section 9 amended by No. 6 of 1993 s. 11; No. 49 of 1996 s. 64; No. 77 of 2006 s. 4.]