Bankruptcy Regulations 1996

PART 2 - ADMINISTRATION  

REGULATION 2.01  

2.01   SECTION 20J OF THE ACT - PRESCRIBED RATE OF INTEREST ON MONEYS IN COMMON FUND  

For the purposes of section 20J of the Act, the prescribed rate of interest is 7 percent per year.

Note:

This rate is prescribed under subsections 20J(2) and (4) of the Act.