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

Superannuation (Productivity Benefit) (2000–2001 Second Interest Factor) Declaration 2000

Statutory Rules 2000 No. 168

I, JOHN JOSEPH FAHEY, Minister for Finance and Administration, make the following Declaration under paragraph 3E (1) (b) of the Superannuation (Productivity Benefit) Act 1988.

Dated 18 June 2000

JOHN FAHEY

Minister for Finance and Administration

Superannuation (Productivity Benefit) (2000–2001 Second Interest Factor) Declaration 2000

Statutory Rules 2000 No. 168¹

made under the

Superannuation (Productivity Benefit) Act 1988

Contents

Page

1  Name of Declaration   2

2  Commencement   2

3  Definitions   2

4  Declared second interest factor   3

1. Name of Declaration

This Declaration is the Superannuation (Productivity Benefit) (2000–2001 Second Interest Factor) Declaration 2000.

1. Commencement

This Declaration commences on gazettal.

1. 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 day following the last day of the last pay period of the employee ending before 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 day following the last day of the last pay period of the employee ending before 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 day following the last day of the last pay period of the employee ending before 1 July 2000; and

(ii)    30 June 2001.

1. Declared second interest factor

For section 8A of the Act, the declared second interest factor for the financial year starting on 1 July 2000 is:

0.0639 ´ Days.

365

Note

1.       Notified in the Commonwealth of Australia Gazette on 28 June 2000.