Superannuation (Productivity Benefit) (2001-2002 First Interest Factor) Declaration 2001

This Declaration is the Superannuation (Productivity Benefit) (2001-2002 First Interest Factor) Declaration 2001.

This Declaration commences on gazettal.

In this Declaration:

Act means the Superannuation (Productivity Benefit) Act 1988.

Days means:

in the case of an employee who becomes a fund employee during the financial year starting on 1 July 2001 - the number of days in the period:

starting on the last day of the first pay period of the employee ending after 1 July 2001; 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 in respect of whom an interim benefit becomes payable under section 6 of the Act during the financial year starting on 1 July 2001 - the number of days between:

the last day of the first pay period of the employee ending after 1 July 2001; and

the day on which the interim benefit became payable; or

in the case of an employee who does not become a fund employee during the financial year starting on 1 July 2001 and in respect of whom an interim benefit does not become payable during that year - the number of days between:

the last day of the first pay period of the employee ending after 1 July 2001; and

30 June 2002.

For section 8A of the Act, the declared first interest factor for the financial year starting on 1 July 2001 is:

0.0578 ( Days.

730

Note

1. Notified in the Commonwealth of Australia Gazette on 29 June 2001.