Superannuation (Productivity Benefit) (Second Interest Factor) Declaration 2013

This Declaration declares the second interest factor, for the purposes of section 8A of the Act, to be applied for the 2013‑2014 financial year and each subsequent financial year.

Example

A person first becomes an employee on 1 May 2006, and becomes a fund member on 1 August 2014.

First, the first interest factors are applied for each financial year.

Then the second interest factors are applied for each financial year in the period between 1 July 2006 and 30 June 2013. These factors are found in previous annual Declarations.

To determine the second interest factor for the 2013‑2014 financial year, apply the formula in section 5 of this Declaration, using 2013‑2014 as the relevant financial year.

To determine the second interest factor for the 2014‑2015 financial year, apply the formula in section 5 of this Declaration, using 2014-2015 as the relevant financial year.