Military Superannuation and Benefits Act 1991 (Interest) Determination No. 67 (Cth)

COMMONWEALTH OF AUSTRALIA

MILITARY SUPERANNUATION AND BENEFITS ACT 1991

DETERMINATION

The Military Superannuation and Benefits Board of Trustees No. 1, pursuant to clause 3 of the Trust Deed made under Part 2 of the Military Superannuation and Benefits Act 1991, DETERMINES as follows:

Citation

1.         This determination may be cited as the Military Superannuation and Benefits Act 1991 (Interest) Determination No. 67.

Commencement

2.         This determination shall take effect from and including 23 August 2001.

Principal Determination

3.         In this determination “the Principal Determination” means the Military Superannuation and Benefits Act 1991 (Interest) Determination No. 1, as amended.

Amendments of the Principal Determination

4.         Clause 5 of the Principal Determination is amended by:

(a)        deleting "1 July 2000" (wherever occurring) and inserting in its stead "1 July 2001"; and

(b)        deleting “the exit rate of interest of 1.91% per annum” (wherever occurring) and inserting in its stead “the exit rate of interest of minus 24.18% per annum”.

5.         The Schedule to the Principal Determination is amended by adding at the end:

"11                   1 July 2000 - 30 June 2001   2.7% per annum".

L. Turner   P. Charley

.........................................................   .........................................................

L.C. Turner   P.J. Charley 

(Board Secretary)      (Trustee) 

The Common Seal of the Military Superannuation and Benefits Board of Trustees No. 1 was hereunto affixed by authority of the Board.

Dated this           Twenty – Third                         day of   August   2001