Superannuation (Interest) Regulations (Amendment) (Cth)

Statutory Rules 1985 No. 3281

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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 5 December 1985.

N.M. STEPHEN

Governor-General

By His Excellency’s Command,

Peter Walsh

Minister of State for Finance

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Calculation of interest

1. Regulation 6 of the Superannuation (Interest) Regulations is amended by omitting “13.800” (wherever occurring) and substituting “15.600”.

Application

2. (1) The provisions of regulation 6 of the Superannuation (Interest) Regulations, as amended by these Regulations, apply to and in relation to interest payable in respect of an amount that is a prescribed amount inflation to a person—

(a) if deferred benefits become payable in respect of the person after the date of commencement of these Regulations; or

(b) if––

(i) deferred benefits cease to be applicable in respect of the person; or

(ii) in the case of a person in respect of whom deferred benefits are not applicable—the person ceases to be an eligible employee,

on or after that date.

 

(S.R. 348/85)––Cat. No. 10/22.11.1985

 

(2) An expression used in sub-regulation (1) that is defined in the Superannuation (Interest) Regulations has the same meaning for the purposes of that sub-regulation as it has in those Regulations.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 9 December 1985.

2. Statutory Rules 1978 No. 253 as amended to date. For previous amendments see Note 2 to Statutory Rules 1985 No. 33 and see also Statutory Rules 1985 Nos. 33 and 226.

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