Statutory Rules
1980 No. 98
REGULATIONS UNDER THE SUPERANNUATION ACT 19761
I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Superannuation Act 1976.
Dated this eighth day of May 1980.
ZELMAN COWEN
Governor-General
By His Excellency’s Command,
ERIC L. ROBINSON
Minister of State for Finance
_______________
AMENDMENTS OF THE SUPERANNUATION (INTEREST)
REGULATIONS2
1 Calculation of interest
Regulation 6 of the Superannuation (Interest) Regulations is amended—
(a) by omitting from sub-regulation (1) “1978” and “8.414” and substituting “1979” and “8.942” respectively; and
(b) by omitting from sub-regulation (2) “1978” (wherever occurring) and “8.414” and substituting “1979” and “8.942” respectively.
2 Schedule
The Schedule to the Superannuation (Interest) Regulations is amended by adding at the end thereof—
“Financial year that commenced on 1 July 1978 8.942 per cent per annum”.
3 Application
(1) The provisions of regulation 6 of the Superannuation (Interest) Regulations, as amended by these Regulations, apply to and in relation to interest payable in respect of an amount that is a prescribed amount in relation to a person who ceases or has ceased to be an eligible employee and whose termination day occurs on or after the date of commencement of these Regulations.
(2) The provisions of regulation 6 of the Superannuation (Interest) Regulations, as in force immediately before the commencement of these Regulations, continue to apply to and in relation to interest payable in respect of an amount that is a prescribed amount in relation to a person who has ceased to be an eligible employee and whose termination day occurred before the date of commencement of these Regulations.
(3) An expression in this regulation that is defined in the Superannuation (Interest) Regulations has the same meaning for the purposes of this regulation as it has in those Regulations.
NOTES
1. Notified in the Commonwealth of Australia Gazette on 12 May 1980.
2. Statutory Rules 1978 No. 253.