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Section 23

of Account Schemes

State Subsidiary LegislationIn forceProvision 22 of 27

Section 23

A Participant shall be debited with interest on any overdraft at a rate which shall be fixed, and may be varied from time to time, by the Administrators having regard to the security offered the financial position of Account A, the rate of interest which may be payable by the Board upon any loan under the provisions of section 8 and any other relevant circumstances.