Document ID: chunk:federal_register_of_legislation:F2020C00525:reg:21
Version: federal_register_of_legislation:F2020C00525
Segment Type: reg
Provision Reference: reg 21
Character Range: 21016–21623

21  Median interest rate
  For the purposes of paragraph (b) of the definition of median interest rate in subsection 53(2) of the Act, the interest rate of 0.7458333333% is prescribed.
Note 1: This interest rate has been calculated by dividing an annual interest rate of 8.95% by 12 and rounding the result to 10 decimal places.
Note 2: This interest rate is the maximum interest rate that can be applied under the Act for the purposes of working out a subsidised borrower's monthly subsidy. A lower interest rate may apply if the Minister makes a determination under paragraph 53(1)(a) or (b) of the Act.