Document ID: chunk:federal_register_of_legislation:C2024C00637:section:53
Version: federal_register_of_legislation:C2024C00637
Segment Type: section
Provision Reference: s 53
Character Range: 79966–80514

53  Monthly subsidy—median interest rate
 (1) The Minister may, by legislative instrument, determine:
 (a) an interest rate for the purpose of subsection (2); or
 (b) a formula or other method for working out an interest rate for the purpose of subsection (2).
 (2) In this Act:
median interest rate is the lower of the following:
 (a) the interest rate determined under paragraph (1)(a), or worked out in accordance with a determination under paragraph (1)(b);
 (b) an interest rate prescribed by the regulations.

Subdivision B—Subsidy lump sum