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SUPERANNUATION (PRODUCTIVITY BENEFIT) ACT 1988 - SECT 3E

Interest factors

             (1)  For the purposes of section 8A, the Minister, before each financial year, is to declare, by legislative instrument:

                     (a)  the factor ascertained using a specified formula to be the declared first interest factor for that year; and

                     (b)  the factor ascertained using a specified formula to be the declared second interest factor for that year.

             (2)  A formula:

                     (a)  is to involve the use of a rate specified in the declaration; and

                     (b)  may contain a variable that depends on the period, or another aspect, of the employment of the person in relation to whom the factor is to apply.



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