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Repealed by Defence (Spent and Redundant Instruments) Repeal Regulation 2014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. 59.

 

Commencement

 

2.         This determination shall take effect from and including 22 December  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 5.0% per annum” (wherever occurring) and inserting in its stead “the exit rate of interest of -2.23% per annum”.

 

 

 

L. Turner                                                                                                                                 P.Charley

 

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

L.C. Turner                                                                                                                               P.J. Charley 

(Board Secretary)                                                                                                                          (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-second                         day of                     December                                  2000