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Military Superannuation and Benefits Act 1991 (Interest) Determination No. 51

Authoritative Version
  • - F2008B00344
  • No longer in force
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Repealed by Defence (Spent and Redundant Instruments) Repeal Regulation 2014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. 51.

 

Commencement

 

2.         This determination shall take effect from and including 20 April 2000.

 

Principal Determination

 

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

 

Amendment of the Principal Determination

 

4.         Clause 5 of the Principal Determination is amended by deleting “the exit rate of interest of 11.7% per annum” (wherever occurring) and inserting in its stead “the exit rate of interest of 13.8% per annum”.

 

 

 

R. C. Brown                                                                                                                             P. Gourley

 

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

BRIG R.C. Brown                                                                                                                   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                   April                                           2000