Australian Capital Territory
Explanatory Statement
Health (Interest Charge) Determination 2007 (No 1)
Disallowable Instrument DI2007-322
made under the
Health Act 1993, s 193 ( Payment of Fees and Interest)

This Determination of Fees revokes and replaces the Determination of Fees and Interest DI2006-241, dated 3 November 2006.

The Determination comes into effect on 1 February 2008 and reproduces Determination DI2006-241 except for:

•	Increasing interest charges from 14.19% to 14.91%; and

•	the date of effect.

Interest charges are based on the following methodology, being the sum of two components:

•	A market rate, determined from the average monthly 90-day bank bill rate for the relevant month and set down on the Reserve Bank of Australia web site (the average monthly rate for October 2007 was 6.91%); and

•	a premium rate (fixed at 8%).