Pension Loans Scheme (Veterans’ Entitlements)—Rate of Compound Interest Determination No. 2 of 1997 (Cth)

Commonwealth of Australia

Veterans’ Entitlements Act 1986

Pension Loans Scheme (Veterans’ Entitlements)—Rate of Compound Interest Determination No. 2 of 1997

I, JOCELYN MARGARET NEWMAN, Minister for Social Security, make this determination under subsection 52ZC (4) of the Veterans’ Entitlements Act 1986.

Dated 22 December 1997.

JOCELYN NEWMAN

Minister for Social Security

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1.           Citation

This determination may be cited as the Pension Loans Scheme (Veterans’ Entitlements)—Rate of Compound Interest Determination No. 2 of 1997.

2.           Commencement

This determination commences on 25 December 1997.

3.           Rate of compound interest

For subsection 52ZC (4) of the Veterans’ Entitlements Act 1986, the rate of compound interest is 5.25%.

4.           Revocation

Pension Loans Scheme (Veterans’ Entitlements)—Rate of Compound Interest Determination No. 1 of 1997 is revoked.