Document ID: chunk:federal_register_of_legislation:C2019A00001:clause:2_42
Version: federal_register_of_legislation:C2019A00001
Segment Type: clause
Provision Reference: sch 2 cl 42
Character Range: 35715–36351

42  Transitional provision—interest payments
(1) This item applies if:
 (a) on or after the commencement day, interest is payable under section 53 or 54 of the amended Act by a member, or a dependant of a member; and
 (b) the member's start day of defence service occurred before the commencement day.
(2) Paragraph 53(3)(b), or subsection 54(3), of the amended Act applies in relation to the interest payable as if the reference to the rate of interest in that paragraph or subsection were a reference to the rate worked out in accordance with the regulations as in force at the start of the start day of the member's defence service.