Australian Capital Territory
Explanatory Statement
Health (Interest Charge) Determination 2011 (No 1)
Disallowable Instrument DI2011-95
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 DI2010-20, dated 29 January 2010.

The Determination comes into effect on 1 June 2011 and reproduces Determination DI2010-20 except for:

•	Increasing interest charges from 11.95% to 12.90%; 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 April 2011 was 4.90%); and

•	a premium rate (fixed at 8%).