๐ Port Authorities Amendment Regulations 2026
RegulationsSL 2026/175 March 2026
Principal Act
These regulations amend the Port Authorities Regulations 2001, updating the rate of interest charged on overdue amounts owed to port authorities. The interest rate is now calculated as 3% greater than the Commonwealth Bank's Overdraft Index Rate.
Port authorities and entities that owe money to port authorities will be affected. Debtors may face higher interest charges on overdue payments, while port authorities will receive increased revenue from these charges.
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