Superannuation (Productivity Benefit) (2001-2002 Second Interest Factor) Declaration 2001 (Cth)

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

Superannuation (Productivity Benefit) (2001–2002 Second Interest Factor) Declaration 2001 Statutory Rules 2001 No. 1681 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 24 June 2001 JOHN FAHEY Minister for Finance and Administration 1              Name of Declaration                 This Declaration is the Superannuation (Productivity Benefit) (2001–2002 Second Interest Factor) Declaration 2001. 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 2001 — 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 2001; 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 2001 — the number of days between:    (i)    the day following the last day of the last pay period of the employee ending before 1 July 2001; 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 2001 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 2001; and    (ii)    30 June 2002. 4              Declared second interest factor For section 8A of the Act, the declared second interest factor for the financial year starting on 1 July 2001 is: 0.0578 ´ Days. 365 Note 1.       Notified in the Commonwealth of Australia Gazette on 29 June 2001.