Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995 (Cth)
| Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995 as amended made under section 4G of the Superannuation (Productivity Benefit) Act 1988 Compilation start date: 1 July 2013 Includes amendments up to: Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2013 (No. 1) About this compilation The compiled instrument This is a compilation of the Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995 as amended and in force on 1 July 2013. It includes any amendment affecting the compiled instrument to that date. This compilation was prepared on 1 July 2013. The notes at the end of this compilation (the endnotes) include information about amending Acts and instruments and the amendment history of each amended provision. Uncommenced provisions and amendments If a provision of the compiled instrument is affected by an uncommenced amendment, the text of the uncommenced amendment is set out in the endnotes. Application, saving and transitional provisions for amendments If the operation of an amendment is affected by an application, saving or transitional provision, the provision is identified in the endnotes. Modifications If a provision of the compiled instrument is affected by a textual modification that is in force, the text of the modifying provision is set out in the endnotes. Provisions ceasing to have effect If a provision of the compiled instrument has expired or otherwise ceased to have effect in accordance with a provision of the instrument, details of the provision are set out in the endnotes. Contents 1............ Name of determination.................................................................................................. 1 2............ Interpretation................................................................................................................. 1 3............ How to calculate interest—subsections 4G(1) and (2) of the Act.................................. 1 4............ Revocation..................................................................................................................... 1 Schedule—Annual interest rates 2 Endnotes 3 Endnote 1—Legislation history 3 Endnote 2—Amendment history 5 Endnote 3—Uncommenced amendments [none] 6 Endnote 4—Misdescribed amendments [none] 7 1 Name of determination This determination is the Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995. 2 Interpretation In this Determination: Act means the Superannuation (Productivity Benefit) Act 1988. 3 How to calculate interest—subsections 4G(1) and (2) of the Act For the purposes of subsections 4G(1) and (2) of the Act, the interest fixed under each of those subsections in relation to a fund on a day is to be calculated by dividing by 365 the annual interest rate specified in the Schedule in relation to the financial year in which that day falls. 4 Revocation Superannuation (Productivity Benefit) Penalty Interest Determination No. 2 is revoked. Schedule—Annual interest rates (clause 3)
Note: The annual interest rates specified in this Schedule for financial years beginning before 1 July 2013 were intended to represent the interest rate that was the estimated closing yield last published by the Reserve Bank of Australia before 1 June in the year immediately preceding the relevant financial year in respect of 10‑year non‑rebate Treasury Bonds, plus 2%. Endnotes Endnote 1—Legislation history This endnote sets out details of the legislation history of the Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995.
Endnote 2—Amendment history This endnote sets out the amendment history of the Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995.
Endnote 3—Uncommenced amendments [none] There are no uncommenced amendments. Endnote 4—Misdescribed amendments [none] There are no misdescribed amendments. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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