Federal Register of Legislation - Australian Government

Primary content

No. 1 of 1989 Determinations/Superannuation as made
This Determination provides an interim superannuation benefit in respect of continuous full time service by members of the Defence Force after 1 January 1988.
Administered by: Defence
Registered 18 Nov 2005
Tabling HistoryDate
Tabled HR15-Aug-1989
Tabled Senate17-Aug-1989
Gazetted 29 Jun 1989
Date of repeal 19 Mar 2014
Repealed by Defence (Spent and Redundant Instruments) Repeal Regulation 2014

 

 

 

Determination No 1 of 1989 under Section 52 of the

Defence Act 1903

 

 

I, David William SIMMONS, the Minister of State for Defence

Science and Personnel, hereby make the following Determination under section 52 of the Defence Act 1903.

 

Dated      Fourteenth day of June                     1989

 

 

                   David Simmons

Minister of State for Defence Science and Personnel

   -------------------------------

Commencement

1.      This Determination shall be deemed to have commenced on 1 January 1989.

Amount of interim benefit for 1988

2.      Clause 8 of the Defence Force (Superannuation Interim Arrangement) Determination is amended by omitting subclause 8(7).

3.      The Defence Force (Superannuation Interim Arrangement) Determination is amended by inserting after clause 8 the following clauses:

Amount of interim benefit after 1988

        "8A. (1)   This clause applies in respect of service rendered by a member after 1988.

 

              (2) Where, in a pay period, a member renders 14 days effective service, then, subject to subclause (6), the

amount of interim benefit (exclusive of interest) to be credited to that member in respect of that pay period shall be calculated in accordance with the formula:

 

                            14 x ARP3

                               365     100

where ARP is the annual rate of pay applicable to the member.

 

              (3) Where in a pay period, a member renders a

period of effective service of less than 14 days, then, subject to subclause (6), the amount of interim benefit (exclusive of

interest) to be credited to that member in respect of that pay period shall be calculated in accordance with the formula:

 

                                                                              B      x      D

                             14

 

 


 

- 2 -

 

 

where:

 

B is the amount of benefit in respect of a member in respect of the pay period ascertained in accordance with the formula specified in subclause (2); and

 

D is the number of days effective service in the pay period.

 

              (4) Where, in a pay period, a member renders 14 days effective service, then, subject to subclause (6), the

amount of interim benefit (being interest) to be credited to that member in respect of that pay period shall be calculated in accordance with the formula:

 

B x I x 14

365

where:

 

B is the amount of benefit (including interest) that has accrued in respect of the member immediately before commencement of the pay period; and

 

I is the factor specified in column 2 of the Schedule opposite to the reference to the calendar year specified in column 1 of

the Schedule which is the calendar year in which the pay period concludes.

 

              (5) Where, in a pay period, a member renders a period of effective service of less than 14 days, then, subject to subclause (6), the amount of interim benefit (being interest) to be credited to that member in respect of that pay period

shall be calculated in accordance with the formula:

 

B x D x I

365

 

where:

 

B is the amount of benefit (including interest) that has accrued in respect of the member immediately before the commencement of the pay period;

 

D is the number of days effective service in the pay period; and

 

I is the factor specified in column 2 of the Schedule opposite to the reference to the calendar year specified in column 1 of the Schedule which is the calendar year in which the pay period concludes.

 


 

- 3 -

 

 

              (6) Where an amount ascertained in accordance with subclause (2), (3), (4) or (5) includes a fraction of a cent:

 

              (a) if the fraction is one-half or greater, the amount shall be deemed to be increased by one cent; or

 

              (b) if the fraction is less than one-half, the fraction shall be disregarded.

 

Amount Payable

 

        8B. Where an interim benefit becomes payable in respect of a person, the amount of that benefit is the sum of the

amounts credited to that person under clauses 8 and 8A."

 

4.      The Defence Force (Superannuation Interim Arrangement) Determination is amended by adding at the end the following Schedule:

 

                            SCHEDULE                 Clause 8A

 

FACTORS CONCERNED IN THE CALCULATION

OF INTEREST APPLICABLE IN RESPECT OF CERTAIN CALENDAR YEARS

 

______________________________________________________________

Column 1                                      Column 2

Calendar year                                 Factor

______________________________________________________________

 

1989....................................... 0.1286

______________________________________________________________