Title: Administration and Probate Regulations 2009
Subject: Administration and ProbateAct 1919
Author: Office of Parliamentary Counsel
Category: public
Document comments: 222

No 222 of 2009 published in Gazette 27.8.2009 p 3867

Administration and Probate Regulations 2009

Administration and Probate Regulations 2009
Schedule 1—Revocation of Administration and Probate (Interest on Pecuniary Legacies) Regulations 1994

Administration and Probate Regulations 2009
Revocation of Administration and Probate (Interest on Pecuniary Legacies) Regulations 1994—Schedule 1

South Australia
Administration and Probate Regulations 2009
under the Administration and Probate Act 1919

Contents
1	Short title
2	Commencement
3	Interest on pecuniary legacies (section 120A)
Schedule 1—Revocation of Administration and Probate (Interest on Pecuniary Legacies) Regulations 1994

1—Short title
These regulations may be cited as the Administration and Probate Regulations 2009.
2—Commencement
These regulations will come into operation on 1 September 2009.
3—Interest on pecuniary legacies (section 120A)
	(1)	For the purposes of section 120A(1) of the Administration and Probate Act 1919, the rate of interest per annum fixed in any financial year is—
	(a)	for the 6 month period commencing on 1 July—the average mid 180 day bank bill swap reference rate published by AFMA as at the first business day of the period; and
	(b)	for the 6 month period commencing on 1 January—the average mid 180 day bank bill swap reference rate published by AFMA as at the first business day of the period.
	(2)	In this regulation—
AFMA means the Australian Financial Markets Association Limited;
business day means every day except Saturday, Sunday or a public holiday.

Schedule 1—Revocation of Administration and Probate (Interest on Pecuniary Legacies) Regulations 1994
The Administration and Probate (Interest on Pecuniary Legacies) Regulations 1994 are revoked.
Note—
As required by section 10AA(2) of the Subordinate Legislation Act 1978, the Minister has certified that, in the Minister's opinion, it is necessary or appropriate that these regulations come into operation as set out in these regulations.
Made by the Governor
with the advice and consent of the Executive Council
on 27 August 2009
No 222 of 2009
AGO0120/08CS