New South Wales Consolidated Acts

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HERITAGE ACT 1977 - SECT 107

Rates of interest on loans, and rental etc on leases by corporation

107 Rates of interest on loans, and rental etc on leases by corporation

(1) A loan made by the corporation shall be--
(a) at the rate of interest for the time being fixed by the Treasurer generally for the purposes of this Act, or
(b) if the Treasurer so approves--
(i) at such rate of interest as may be fixed by the Treasurer in respect of that loan, or
(ii) without interest.
(2) The rental or other consideration to be received by the corporation in respect of a lease of property acquired for the purposes of this Act shall be fixed by the corporation so as to produce an amount not less than such percentage as the Treasurer may direct, in respect of that lease, or of leases of the class to which that lease belongs, of the fair market value of the property leased.



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