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 17 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Repealed by Defence (Spent and Redundant Instruments) Repeal Regulation 2014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. 72.

 

Commencement

 

2.         This determination shall take effect from and including 21 December 20 01.

 

 

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 daily compound exit rate of interest of minus 0.04842%” (wherever occurring) and inserting in its stead the daily compound exit rate of interest of minus 0.02556%.

 

 

 

Charles  Kiefel                                                                                                R. C. Brown

 

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

C.P.  Kiefel                                                                                           BRIG R.C. Brown CSC

(Chairperson)                                                                                                             (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       nineteenth                                  day of               December                      2001