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Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2003 (No. 1)

Authoritative Version
  • - F2006B01429
  • No longer in force
SR 2003 No. 177 Determinations/Superannuation as made
This Determination specifies the formula used to calculate penalty interest during the 2003-2004 financial year.
Administered by: Finance
Exempt from sunsetting by the Legislative Instruments Act 2003 s 54(2) item 42
Registered 08 Nov 2006
Gazetted 30 Jun 2003
Date of repeal 19 Mar 2014
Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014

Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2003 (No. 1)1

Statutory Rules 2003 No. 1772

I, NICHOLAS HUGH MINCHIN, Minister for Finance and Administration, make the following Determination under section 4G of the Superannuation (Productivity Benefit) Act 1988.

Dated 25 June 2003

NICK MINCHIN

Minister for Finance and Administration

1              Name of Determination

                This Determination is the Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2003 (No. 1).

2              Commencement

                This Determination commences on gazettal.

3              Amendment of Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995

                Schedule 1 amends the Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995.

Schedule 1        Amendment

(section 3)

Do not delete: Schedule Part Placeholder

[1]           Schedule, after the last item

insert

2003–2004                                                             7.28%

Notes

1.       This Determination amends Statutory Rules 1995 No. 177, as amended by 1996 No. 119; 1997 No. 147; 1998 No. 201; 1999 No. 138; 2000 No. 169; 2001 No. 169; 2002 No. 135.

2.       Notified in the Commonwealth of Australia Gazette on 30 June 2003.