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Repealed by Defence (Spent and Redundant Instruments) Repeal Regulation 2014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. 55.

 

Commencement

 

2.         This determination shall take effect from and including 18 August 2000.

 

Principal Determination

 

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

 

Amendments of the Principal Determination

 

4.         Clause 5 of the Principal Determination is amended by:

 

(a)        deleting "1 July 1999" (wherever occurring) and inserting in its stead "1 July 2000"; and

 

(b)        deleting “the exit rate of interest of 13.6% per annum” (wherever occurring) and inserting in its stead “the exit rate of interest of minus 5.5% per annum”.

 

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

 

"10                   1 July 1999 - 30 June 2000                                                           13.6% per annum".

 

 

Charles Kiefel

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

C.P. Kiefel

(Chairperson)

 

R.C. Brown                                                                                                                              R. Swanwick

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

BRIG R.C. Brown                                                                                                    WOFF R.C. Swanwick 

(Trustee)                                                                                                                                       (Trustee) 

 

P. D. Gourley                                                                                                                          M. Sharpe

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

P.D. Gourley                                                                                                                  Dr M.J. Sharpe AO 

(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                                            2000