Superannuation (Interest) Regulations (Amendment) (Cth)

Statutory Rules 1988 No. 2741

–––––––––

Superannuation (Interest) Regulations2

(Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Superannuation Act 1976.

Dated 8 November 1988.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

Peter Walsh

Minister of State for Finance

–––––––

Commencement

1. These Regulations shall be taken to have commenced on 1 July 1976.

Interpretation

2. Regulation 4 of the Superannuation (Interest) Regulations is amended:

(a) by omitting from paragraph (e) of the definition of “first day of interest” “or (k)” and substituting “, (k) or (n)”;

(b) by omitting from paragraph (k) of the definition of “prescribed amount” “and”;

(c) by adding at the end of the definition of “prescribed amount” the following word and paragraph:

“and (n) an amount deemed to be paid to the Fund under subsection 112 (5) of the Act in respect of the person, being a person to whom subsection 7a (1) of the Act as modified by the Superannuation (Existing Invalidity Pensioners) Regulations applies, upon the person becoming an eligible employee;”.

 

(S.R. 301/88)––Cat. No. 14/20.10.1988

 

Interest payable on contributions, etc.

3. Regulation 5 of the Superannuation (Interest) Regulations is amended by adding at the end of paragraph (b) “or who, immediately before becoming an eligible employee, was an existing invalidity pensioner;”.

NOTES

1. Notified in the Commonwealth of Australia Gazette on 15 November 1988.

2. Statutory Rules 1978 No. 253 as amended to date. For previous amendments see Note 2 to Statutory Rules 1988 No. 33 and see also Statutory Rules 1988 Nos. 33, 113 and 229.

Printed by Authority by the Commonwealth Government Printer