Eric Abetz (Tasmania, Liberal Party, Minister for Fisheries, Forestry and Conservation) Share this | Hansard source

The good news is—but I will not wax lyrical about the stable interest rate environment in which the country operates at the moment—that there is the possibility that the transitional rate, say it were to come in in April, might be different to that which would be set. This would be done on an annual basis on 1 July each year. So the transitional interest rate would only apply from when the bill receives the royal assent through to 1 July 2007.