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The Collection Fund (Wales) Regulations 1989
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- UK Statutory Instruments
- 1989 No. 2363
- Regulation 12
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12. Interest on the sum retransferred shall be calculated for the purposes of regulation 11(2), for the period beginning with the day of its transfer from the collection fund under regulation 10 and ending with the day before the day on which the retransfer is made under regulation 11, at the 7 day London Interbank Offer Rate having effect immediately before the end of the day on which the transfer from the collection fund was made.
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