Australian Capital Territory Numbered Acts

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LEGAL PROFESSION AMENDMENT ACT 2007 (NO. 28 OF 2007) - SECT 146

New section 269 (1A) and (1B)

insert

    (1A)     For subsection (1) (e), a benchmark rate of interest is a rate of interest for the time being equal to or worked out by reference to a rate of interest that is specified or determined by an ADI or another entity and that is publicly available.

    (1B)     A regulation may make provision in relation to the use of benchmark rates of interest, and in particular in relation to permitting, regulating or preventing the use of particular benchmark rates.



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