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: Defence
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Repealed by Defence (Spent and Redundant Instruments) Repeal Regulation 2014
Table of contents.

 

 

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. 79.

 

Commencement

 

2.         This determination takes effect on and from 5 July 2002.

 

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 2001" (wherever occurring) and inserting in its stead "1 July 2002"; and

 

(b)       deleting “the daily compound exit rate of  interest of minus 0.01393% ” (wherever occurring) and inserting in its stead “the daily compound exit rate of interest of minus 0.02553%”.

 

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

 

"12                   1 July 2001 - 30 June 2002                                       minus 8.9% per annum".

 

 

 

P. Charley                                                                                                                                 S. Dahl

 

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

P.J. Charley                                                                                                                                  S. Dahl

(Trustee )                                                                                                                     (Board Secretary)

 

 

 

The Common Seal of the Military Superannuation and Benefits Board of Trustees No. 1 was hereunto affixed by authority of the Board.

 

 

Dated this             fourth                                   day of                       July                                      2002