Loan (Income Equalization Deposits) Regulations (Amendment) (Cth)

Statutory Rules 1984 No. 2181

 

Loan (Income Equalization Deposits) Regulations2 (Amendment)

I, THE DEPUTY OF THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Loan (Income Equalization Deposits) Act 1976.

Dated 30 August 1984.

Deputy of the Governor-General

By His Excellency’s Command,

Minister of State for Housing and Construction for and on behalf of the Treasurer

 

Commencement

1. These Regulations shall come into operation on 1 September 1984.

2. Regulation 2 of the Loan (Income Equalization Deposits) Regulations is repealed and the following regulation substituted:

Rates of interest payable in respect of deposits

“2. For the purposes of sub-section 4 (4) of the Loan (Income Equalization Deposits) Act 1976, interest is payable

(a) at the rate of 5.5 per centum per annum in respect of deposits accepted before 1 September 1983; and

(b) at the rate of 7.5 per centum per annum in respect of deposits accepted on or after 1 September 1983.”.

 

S.R. 247/84—Cat. No. Recommended retail price 14/23.8.1984

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 31 August 1984.

2. Statutory Rules 1980 No. 228 as amended by 1981 No. 302; 1983 Nos. 140 and 348; 1984 Nos. 51 and 129.

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