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Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2011 (No. 1)

Authoritative Version
  • - F2011L01288
  • No longer in force
Determinations/Superannuation as made
This Determination amends the Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995 to specify the formula used to calculate penalty interest during the 2011-2012 financial year.
Administered by: Finance
Exempt from sunsetting by the Legislative Instruments Act 2003 s 54(2) item 42
Registered 28 Jun 2011
Tabling HistoryDate
Tabled HR06-Jul-2011
Tabled Senate06-Jul-2011
Date of repeal 19 Mar 2014
Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014

I, Penelope YING YEN WONG, Minister for Finance and Deregulation, make the following Determination under section 4G of the Superannuation (Productivity Benefit) Act 1988.

Dated 21st June 2011


Penelope YING YEN WONG

Minister for Finance and Deregulation

1              Name of Determination

                This Determination is the Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2011 (No. 1).

2              Commencement

                This Determination commences on 1 July 2011.

3              Amendment of Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995

                Schedule 1 amends the Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995.

Schedule 1        Amendment

(section 3)

 

 

[1]           Schedule, after the last item

insert

2011–2012                                                             7.40%

Note

1.       This Determination amends Statutory Rules 1995 No. 177, as amended by 1996 No. 119; 1997 No. 147; 1998 No. 201; 1999 No. 138; 2000 No. 169; 2001 No. 169; 2002 No. 135; 2003 No. 177; 2004 No. 201; F2005L01868, F2006L01991, F2007L01964, F2008L02209, F2009L02549, F2010L01694.

          All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.