Document ID: chunk:federal_register_of_legislation:C2012A00176:clause:3_1
Version: federal_register_of_legislation:C2012A00176
Segment Type: clause
Provision Reference: sch 3 cl 1
Character Range: 13046–13696

1  After subsection 216(7)
Insert:
 (7A) If an amount is paid to a company under subsection (7) on or after 1 July 2013, the Treasurer must also:
 (a) cause to be paid to the company the amount of interest (if any) worked out in accordance with the regulations; and
 (b) direct the company to pay the amount to the person specified in the direction.
 (7B) Regulations made for the purposes of paragraph (7A)(a) may involve different rates of interest for different periods over which the interest accrues. For this purpose, rate includes a nil rate.
 (7C) Interest under paragraph (7A)(a) does not accrue in relation to a period before 1 July 2013.