Superannuation (Productivity Benefit) (2000-2001 First Interest Factor) Declaration 2000 (Cth)

Text 1 Name of Declaration 2 Commencement 3 Definitions 4 Declared first interest factor

Superannuation (Productivity Benefit) (2000–2001 First Interest Factor) Declaration 2000 Statutory Rules 2000 No. 167 I, JOHN JOSEPH FAHEY, Minister for Finance and Administration, make the following Declaration under paragraph 3E (1) (a) of the Superannuation (Productivity Benefit) Act 1988. Dated 18 June 2000 JOHN FAHEY Minister for Finance and Administration Superannuation (Productivity Benefit) (2000–2001 First Interest Factor) Declaration 2000 Statutory Rules 2000 No. 1671 made under the Superannuation (Productivity Benefit) Act 1988 Contents Page 1  Name of Declaration   2    2  Commencement   2    3  Definitions   2    4  Declared first interest factor   3 1              Name of Declaration                 This Declaration is the Superannuation (Productivity Benefit) (2000–2001 First Interest Factor) Declaration 2000. 2              Commencement                 This Declaration commences on gazettal. 3              Definitions                 In this Declaration: Act means the Superannuation (Productivity Benefit) Act 1988. Days means:                 (a)    in the case of an employee who becomes a fund employee during the financial year starting on 1 July 2000 — the number of days in the period:    (i)    starting on the last day of the first pay period of the employee ending after 1 July 2000; and (ii) ending at the end of the day on which an amount first becomes payable under section 4F of the Act; or (b) in the case of an employee in respect of whom an interim benefit becomes payable under section 6 of the Act during the financial year starting on 1 July 2000 — the number of days between:    (i)    the last day of the first pay period of the employee ending after 1 July 2000; and    (ii)    the day on which the interim benefit became payable; or                 (c)    in the case of an employee who does not become a fund employee during the financial year starting on 1 July 2000 and in respect of whom an interim benefit does not become payable during that year — the number of days between:    (i)    the last day of the first pay period of the employee ending after 1 July 2000; and    (ii)    30 June 2001. 4              Declared first interest factor For section 8A of the Act, the declared first interest factor for the financial year starting on 1 July 2000 is: 0.0639 ´ Days. 730 Note 1.       Notified in the Commonwealth of Australia Gazette on 28 June 2000.