Administration and Probate (Interest on Pecuniary Legacies) Regulations 1994 (SA)

South Australia

Administration and Probate (Interest on Pecuniary Legacies) Regulations 1994

under the Administration and Probate Act 1919

Contents

1Short title

2Commencement

3Revocation

4Interest on pecuniary legacies (section 120A)

Legislative history

1—Short title

These regulations may be cited as the Administration and Probate (Interest on Pecuniary Legacies) Regulations 1994.

2—Commencement

These regulations will come into operation on 1 July 1994.

3—Revocation

The Administration and Probate (Interest Upon Pecuniary Legacies) Regulations 1982 (see Gazette 17.6.1982 p1982) are revoked.

4—Interest on pecuniary legacies (section 120A)

(1)The rate of interest per annum fixed for the purposes of section 120A(1) of the Administration and Probate Act 1919 in any financial year is the 180 day bank bill rate on the first business day of that financial year rounded down to the nearest percentage that, when multiplied by four, produces an integer.

(2)In this regulation—

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

Legislative history

Notes

•For further information relating to the Act and subordinate legislation made under the Act see the Index of South Australian Statutes or of regulations

The Administration and Probate (Interest on Pecuniary Legacies) Regulations 1994 were revoked by Sch 1 of the Administration and Probate Regulations 2009 on 1.9.2009.

Principal regulations

Year	No	Reference	Commencement
1994	57	Gazette 2.6.1994 p1590	1.7.1994: r 2