Document ID: chunk:federal_register_of_legislation:C2025A00016:clause:1_9
Version: federal_register_of_legislation:C2025A00016
Segment Type: clause
Provision Reference: sch 1 cl 9
Character Range: 17495–18309

9  Subsection 287(1)
Insert:
commercial interest rate, in relation to a loan, means a rate of interest per annum that is at least 1.5 percentage points above:
 (a) the cash rate target published by the Reserve Bank of Australia that is in effect on the day the loan is made; or
 (b) if the Reserve Bank no longer publishes an interest rate called the cash rate target—the interest rate published by the Reserve Bank that is substantively the same as the cash rate target and is in effect on the day the loan is made.
Note: The cash rate target published by the Reserve Bank is commonly referred to as the cash rate. For details of the cash rate target and other interest rates published by the Reserve Bank, see www.rba.gov.au.
core member of an expenditure group has the meaning given by paragraph 302ALF(1)(a).