Western Australian Consolidated Regulations

ENERGY OPERATORS (ELECTRICITY RETAIL CORPORATION) (CHARGES) BY-LAWS 2006 - REG 12

12 .         Interest rate prescribed (Act s. 62(16))

        (1)         In this by‑law —

        interest period means the period in respect of which payment is made or credit is given.

        (2)         For the purposes of section 62(16) of the Act, the rate at which interest is to be paid, or given credit for, by the corporation is —

            (a)         the rate that is equal to the RBA cash rate for the interest period; or

            (b)         if there is more than one RBA cash rate for the interest period — the rate that is equal to the average of the RBA cash rates for that period.

        [By‑law 12 inserted in Gazette 30 Mar 2009 p. 970‑1.]