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Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2006 (No. 1)

Authoritative Version
  • - F2006L01991
  • No longer in force
Determinations/Superannuation as made
Employers are required to pay a fund amount being the entitlement accrued by the employee under the former Superannuation Benefit (Interim Arrangement) Act 1988 and an amount in respect of contributions which would have been paid after 1 July 1990 had the employee joined a fund on that date. The employer is required to pay penalty interest in respect of any period of delay between the date when an amount should have been paid to a fund and the date when it was paid. The determination specifies the formula used to calculate penalty interest during the 2006-2007 financial year.
Administered by: Finance
Exempt from sunsetting by the Legislative Instruments Act 2003 s 54(2) item 42
Registered 28 Jun 2006
Tabling HistoryDate
Tabled HR08-Aug-2006
Tabled Senate08-Aug-2006
Date of repeal 19 Mar 2014
Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014

Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2006 (No. 1)1

 

 

Select Legislative Instrument 2006 No.  2

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

Dated 19 June 2006

 

 

Nick Minchin

Minister for Finance and Administration

1              Name of Determination

                This Determination is the Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2006 (No. 1).

2              Commencement

                This Determination commences on the day after it is registered.

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)

 

[1]           Schedule, after the last item

insert

2006–2007                                                             7.71%

Note

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; 2003 No. 177; 2004 No. 201; F2005L01868.

2.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.