Commonwealth of Australia

Social Security Act 1991

Pension Loans Scheme (Social Security)—Rate of Compound Interest Determination No. 2 of 1997

I, JOCELYN MARGARET NEWMAN, Minister for Social Security, make this determination under subsection 1135 (4) of the Social Security Act 1991.

Dated 22 December 1997.

JOCELYN NEWMAN

Minister for Social Security

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1. Citation

This determination may be cited as the Pension Loans Scheme (Social Security)—Rate of Compound Interest Determination No. 2 of 1997.

2. Commencement

This determination commences on 25 December 1997.

3. Rate of compound interest

For subsection 1135 (4) of the Social Security Act 1991, the rate of compound interest is 5.25%.

4. Revocation

Pension Loans Scheme (Social Security)—Rate of Compound Interest Determination No. 1 of 1997 is revoked.