Superannuation Guarantee (Administration) Regulations (Amendment) (Cth)

Statutory Rules 1996

No. 148 1

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Superannuation Guarantee (Administration) Regulations 2(Amendment)

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Superannuation Guarantee (Administration) Act 1992.

Dated 28 June 1996.

 WILLIAM DEANE

 Governor-General

By His Excellency’s Command,

JIM SHORT

Assistant Treasurer

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1.   Amendment

1.1   The Superannuation Guarantee (Administration) Regulations are amended as set out in these Regulations.

[NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48.]

2. New

regulation 7A

2.1   After regulation 7, insert:

Nominal interest component—rate applicable

 “7A. For the purposes of subsection 31 (1) of the Act, the rate applicable is 10% per annum.”.

3. New

regulation 8A

3.1   After regulation 8, insert:

Additional superannuation guarantee charge—rate applicable

 “8A. For the purposes of subsection 49 (2) of the Act, the rate applicable is 10% per annum.”.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 5 July 1996.

2. Statutory Rules 1993 No. 52.