Defence Forces Retirement Benefits Regulations (Amendment) (Cth)

STATUTORY RULES.

1956. No. 25.

 

REGULATIONS UNDER THE DEFENCE FORCES RETIREMENT BENEFITS ACT 1948-1955.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Defence Forces Retirement Benefits Act 1948-1955.

Dated this thirteenth day of March, 1956.

W. J. Slim

Governor-General.

By His Excellency’s Command,

(Sgd.) A. W. FADDEN

Treasurer.

 

Amendments of the Defence Forces Retirement Benefits Regulations.

Commencement.

1. These Regulations shall be deemed to have come into operation on the first day of January, 1956.

2. Regulation 8 of the Defence Forces Retirement Benefits Regulations is repealed and the following regulations are inserted in its stead:—

Prescribed rate of interest for purposes of section 17 (5.) of the Act.

“ 8. For the purposes of sub-section (5.) of section 17 of the Act, the rate of interest—

(a) shall, from the commencement of this regulation, be three and three-quarters per centum per annum; and

(b) shall, notwithstanding anything contained in these Regulations before the commencement of this regulation, be deemed to have been three and three-quarters per centum per annum.

Prescribed rate of interest for purposes of sections 32 (2.), 33 and 50 (1.) of the Act.

“8a. For the purposes of sub-section (2.) of section 32, section 33 and sub-section (1.) of section 50 of the Act, the rate of interest shall be three and three-quarters per centum per annum.”.

 

* Notified in the Commonwealth Gazette on , 1956.

  Statutory Rules 1949, No. 60, as amended by Statutory Rules 1950, No. 14; 1951, No. 111; 1954, Nos. 4 and 33; and 1955, Nos. 14 and 45.

 

By Authority: A. J. Arthur, Commonwealth Government Printer, Canberra.

6480/55.—Price 3d. 9/18.1.1956.