3(1)On or after July 1, 1993, the rate of interest for the purposes of subsections 3(3) and (4) of the Act is the rate of interest prescribed on or after July 1, 1993 in subsection 9(1) of New Brunswick Regulation 84-247 under the Revenue Administration Act.

3(2)The following circumstances are prescribed under subsection 3(6) of the Act:

3(3)The length of time during which an amount due to the Crown has not been paid by a taxpayer shall be calculated commencing on the last day of the month preceding the month in which the examination is completed and going back to the date the amount should have been paid.

3(4)The rate of interest for the purposes of subsection 3(6) of the Act is the rate of interest prescribed in subsection (1) as compounded monthly for the 36 months before the month in which the examination is completed.

3(5)The period of time under subsection 3(6) of the Act is the thirty-sixth month before the month in which the examination is completed.

3(6)For the purposes of subsection 3(7) of the Act, the time is the last day of the month following the month in which a notice of assessment is served under subsection 13(1) of the Act.