Military Superannuation and Benefits Act 1991 (Interest) Determination No. 71 (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. 71.

Commencement

2.         This determination shall take effect from and including 22 November 20 01.

Revocation

3.         Military Superannuation and Benefits Act 1991 (Interest) Determination No. 70 is revoked.

Note:    Military Superannuation and Benefits Act 1991 (Interest) Determination No. 69 was not issued.

Principal Determination

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

Amendment of the Principal Determination

5.         Clause 5 of the Principal Determination is amended by deleting “the exit rate of interest of minus 25.44 % per annum” (wherever occurring) and inserting in its stead “the daily compound exit rate of interest of minus 0.04842%”.

P. Charley   R.C. Brown

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

P.J. Charley   BRIG R.C. Brown CSC

(Trustee)      (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   30th                  day of            November         2001