Superannuation (Productivity Benefit) 1994-1995 First Interest Factor Declaration

This Declaration may be cited as Superannuation (Productivity Benefit) 1994-1995 First Interest Factor Declaration.

[NOTE: This Declaration commences on gazettal: see Acts Interpretation Act 1901, ss. 46A and 48.]

Interpretation

In this Declaration:

“Act” means the Superannuation (Productivity Benefit) Act 1988;

“Days” means:

in the case of an employee who becomes a fund employee—the number of days in the period:

commencing on the last day of the first pay period of the employee ending after 1 July 1994; and

ending at the end of the day on which an amount first becomes payable under section 4f of the Act; or

in the case of an employee who becomes entitled to receive an interim benefit under section 6 of the Act—the number of days between:

the last day of the first pay period of the employee ending after 1 July 1994; and

the day on which the employee became entitled to receive the benefit; or

in the case of an employee who neither becomes a fund employee nor becomes entitled to receive an interim benefit—the number of days between:

the last day of the first pay period of the employee ending after 1 July 1994; and

30 June 1995.

Declared first interest factor

For the purposes of section 8a of the Act, the declared first interest factor for the financial year commencing on 1 July 1994 is:

.

NOTE

Notified in the Commonwealth of Australia Gazette on 30 June 1994.