New Zealand Legislation: Acts

120H Setting and varying interest rates

• The Governor-General may from time to time, by Order in Council,—

  • (a) specify the criteria and other requirements by and against which interest rates will be set or reset and notified for the purposes of this Part:

  • (b) set the Commissioner's paying rate and taxpayer's paying rate.

  Section 120H: inserted, on 26 July 1996, by section 36(1) of the Tax Administration Amendment Act (No 2) 1996 (1996 No 56).