Federal Register of Legislation - Australian Government

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Determinations/Superannuation as made
This Determination amends Military Superannuation and Benefits Act 1991 (Interest) Determination No. 1.
Administered by: Finance
Exempt from sunsetting by the Legislative Instruments Act 2003 s 54(2) item 42
Registered 03 Jul 2008
Date of repeal 19 Mar 2014
Repealed by Defence (Spent and Redundant Instruments) Repeal Regulation 2014

                                          COMMONWEALTH OF AUSTRALIA

 

                      MILITARY SUPERANNUATION AND BENEFITS ACT 1991

 

                                                          DETERMINATION

 

The Military Superannuation and Benefits Board of Trustees No. 1, pursuant to clause 3 of the Trust Deed made under Part 2 of the Military Superannuation and Benefits Act 1991, DETERMINES as follows:

 

Citation

 

1.         This determination may be cited as the Military Superannuation and Benefits Act 1991 (Interest) Determination No. 32.

 

Commencement

 

2.         This determination shall take effect from and including 30 November 1998.

 

Principal Determination

 

3.         In this determination "the Principal Determination" means the Military Superannuation and Benefits Act 1991 (Interest) Determination No. 1, as amended.

 

Amendments to the Principal Determination

 

4.         Clause 5 of the Principal Determination is amended by deleting "minus 4.4% per annum" (wherever occurring) and inserting in its stead "0.9% per annum".

 

Application

 

5.  (1)  The provisions of the Principal Determination, as amended by this determination, apply in relation to interest payable in respect of an amount that is a prescribed amount in relation to a person:

 

(a)        if a benefit under Part 5 of the Rules becomes payable in respect of the person - after the date of the commencement of this determination; or

 

(b)        if:

(i)         a benefit under Part 5 of the Rules ceases to be applicable in respect of the person; or

 

(ii)        in the case of a person to whom a benefit under Part 5 of the Rules is not applicable - the person ceases to be a member;

 

on or after that date.

 

 


 

           [Military Superannuation and Benefits Act 1991 (Interest) Determination No. 32      

      (continued)]

 

 

  (2)      An expression used in subclause 5(1) that is defined in the Principal Determination has the same meaning for the purposes of that subclause as it has in that determination.

 

 

 

 

 

 

 

 

 

 

 

N. J. Ford                                                                                                        P. D. Gourley

.........................................................                                     .........................................................

AIRCDRE N.J. Ford                                                                                                  P.D. Gourley 

(Trustee)                                                                                                                           (Trustee) 

 

 

 

The Common Seal of the Military Superannuation and Benefits Board of Trustees No. 1 was hereunto affixed by authority of the Board.

 

 

 

 

 

 

 

 

 

 

 

 

 

Dated this           twenty- seventh                      day of                November                         1998