SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT) 1986 NO. 15 

SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT) 1986 NO. 15 
- TABLE OF PROVISIONS

1. Principal Regulations  
2. Calculation of interest  
3. Schedule  
4. Application  


1986 No. 15 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 1
Principal Regulations


  1. In these Regulations, "Principal Regulations" means the Superannuation
(Interest) Regulations.


1986 No. 15 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 2
Calculation of interest


  2. Regulation 6 of the Principal Regulations is amended -
    (a) by omitting from sub-regulation (1) "1984" and "15.600" and
    substituting "1985" and "15.9" respectively; and
    (b) by omitting from sub-regulation (2) "1984" (wherever occurring)
    and "15.600" and substituting "1985" and "15.9" respectively.


1986 No. 15 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 3
Schedule


  3. The Schedule to the Principal Regulations is amended by adding at the end
-
    "Financial year that commenced on 1 July 1984 . . . 14.968 per
      cent per annum.".


1986 No. 15 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 4
Application


  4. (1) The provisions of regulation 6 of the Principal Regulations, as
amended by these Regulations, apply to and in relation to interest payable in
respect of an amount that is a prescribed amount in relation to a person -
    (a) if deferred benefits become payable in respect of the person after
      the date of commencement of these Regulations; or
    (b) if -
      (i) deferred benefits cease to be applicable in respect of the
      person; or
      (ii) in the case of a person in respect of whom deferred benefits
      are not applicable - the person ceases to be an eligible
      employee,
on or after that date.
  (2) An expression used in sub-regulation (1) that is defined in the
Principal Regulations has the same meaning for the purposes of that
sub-regulation as it has in those Regulations.


- NOTES


1986 No. 15*1* SUPERANNUATION (INTEREST) REGULATIONS*2* (AMENDMENT)



*1*Notified in the Commonwealth of Australia Gazette on 13 February 1986.
*2*Statutory Rules 1978 No. 253 as amended by 1980 No. 98; 1981 Nos. 17, 38
and 213; 1982 Nos. 43 and 318; 1984 Nos. 34, 156 and 240; 1985 Nos. 33, 226
and 328.