Defence (Re-establishment Loans) Regulations (Amendment)

Legislation au C2004L01757 Regulations Not in force Legislative Instrument

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STATUTORY RULES

1967 No.

 

REGULATION UNDER THE DEFENCE (RE-ESTABLISHMENT) ACT 1965-1967.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Defence (Re-establishment) Act 1965-1967.

Dated this fourteenth day of December, 1967.

CASEY

Governor-General.

By His Excellencys Command,

Minister of State for Repatriation.

 

Amendment of the Defence (Re-establishment Loans) Regulations†

Regulation 7 of the Defence (Re-establishment Loans) Regulations is repealed and the following regulations are inserted in its stead:—

Certain loans not to bear interest.

“7.—(1.) If a loan under Part VI. of the Act does not exceed One hundred dollars, that loan does not bear interest.

(2.) If a loan under Part VI. of the Act exceeds One hundred dollars, One hundred dollars of the loan does not bear interest.

Rate of interest.

“7a. For the purposes of section 54 of the Act, the prescribed rate of interest is four and one-half percentum per annum..

 

* Notified in the Commonwealth Gazette on 1967.

† Statutory Rules 1967, No. 102.

 

By Authority: A. J. Arthur, Commonwealth Government Printer, Canberra

16218/67—Price 5c 10/22.12.1967

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