LOAN (INCOME EQUALIZATION DEPOSITS) ACT 1976 (REPEALED)

***** Repealed 22 February 2005 *****

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The Loan (Income Equalization Deposits) Act 1976 repealed by No 8 of 2005, s 2 and Sch 3 item 1, effective 22 February 2005.

PART II - MAKING OF DEPOSITS

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SECTION 4A   INTEREST PAYABLE IN RESPECT OF DEPOSITS  

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4A(1)  [Payable under section]  

Subject to sections 4B and 25D, interest is payable in accordance with this section in respect of deposits.

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S 4A(1) amended by No 85 of 1998, s 3 and Sch 2 item 2, by substituting ``sections 4B and 25D'' for ``section 4B'', effective 2 January 1999.

S 4A(1) amended by No 238 of 1992.

4A(2)  [When interest payable]  

The interest is only payable on:

(a)  if the deposit is partly a farm management bond - the sum of the investment component, from time to time, of the part that is a farm management bond and the investment component, from time to time, of the remainder; and

(b)  in any other case - the investment component, from time to time, of the deposit.

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S 4A(2) substituted by No 238 of 1992.

4A(3)  [Rate]  

The interest is payable at the short-term bond rate.

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S 4A substituted for s 4A-4D by No 56 of 1989.

S 4A inserted by No 173 of 1984.

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