Superannuation (Prescribed Rates of Interest) Regulations (Amendment) (Cth)

Statutory Rules

1976 No. 201

REGULATION UNDER THE SUPERANNUATION ACT 1922.*

WHEREAS it is enacted by sub-section 90 (5) of the Superannuation Act 1922 that the Governor-General shall not make a regulation prescribing for the purposes of sub-section 90 (3) of that Act the rate of interest in respect of the financial year ending on 30 June 1976 unless the Superannuation Fund Investment Trust has furnished a report to the Treasurer specifying—

(a) the average rate of interest that is determined by the Superannuation Fund Investment Trust to have been earned by the Superannuation Fund in that financial year; and

(b) the rate of interest that, in the opinion of the Superannuation Fund Investment Trust should, having regard to that average rate of interest and to such other matters as the Superannuation Fund Investment Trust thinks relevant, be prescribed in respect of that financial year:

AND WHEREAS the Superannuation Fund Investment Trust has furnished a report to the Treasurer in accordance with sub-section 90 (5) of the Superannuation Act 1922 in respect of the financial year that ended on 30 June 1976:

NOW THEREFORE I, the Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Superannuation Act 1922.

Dated this ninth day of September, 1976.

JOHN R. KERR

Governor-General.

By His Excellency’s Command,

ERIC ROBINSON

Minister of State for Post and Telecommunications for and on behalf of the Treasurer.

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Amendment of the Superannuation (Prescribed Rates of Interest) Regulations

The Schedule.

The Schedule to the Superannuation (Prescribed Rates of Interest) Regulations is amended by adding at the end of the table in the Schedule the following words and figures:—

“ Financial year that ended on 30 June 1976.......................................................................... 7.842 ”.

 

* Notified in the Australian Government Gazette on 15 September 1976.

  Statutory Rules 1966, No. 63. as amended by Statutory Rules 1967, No. 36; 1968, Nos. 64 and 142; 1972, No. 174; 1973, No. 210; 1974, Nos. 43, 87 and 269; and 1975, No. 221.