South Australian Numbered Regulations South Australian Numbered Regulations (1) For the purposes
of section 228 of the Act, the prescribed rate is a simple interest rate equal
to 0.2 per cent less than the average of the cash rates applied by the Reserve
Bank of Australia over the relevant period (expressed as an annual rate and
applied with respect to the relevant period).
(2) In this
regulation—
"relevant period", in relation to seized or forfeited money, means the period
commencing on the date of the seizure or forfeiture and ending when the money
is paid back to the person, or the person compensated in respect of the money,
under the Act.