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. 49.

Commencement

2. This determination shall take effect from and including 24 March 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 to the Principal Determination

4. Clause 5 of the Principal Determination is amended by deleting “the exit rate of interest of 9.0% per annum” (wherever occurring) and inserting in its stead “the exit rate of interest of 11.7% per annum”.

R. Swanwick          P. D. Gourley

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WOFF R.C. Swanwick P.D. Gourley  

(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                 twenty- second                    day of                       March 2000