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 10 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Repealed by Defence (Spent and Redundant Instruments) Repeal Regulation 2014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. 41.

 

Commencement

 

2.         This determination shall take effect from and including 19 August 1999.

 

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:

 

(a)        deleting "1 July 1998" (wherever occurring) and inserting in its stead "1 July 1999"; and

 

(b)        deleting “the exit rate of interest of 7.9% per annum” (wherever occurring) and inserting in its stead “the exit rate of interest of 12.4% per annum”.

 

5.         The Schedule to the Principal Determination is amended by adding at the end:

 

"1 July 1998 - 30 June 1999                                                                                    8.3% per annum".

 

 

 

 

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            eighteenth                   day of                   August                                                   1999