SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT) 1987 NO. 44 

SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT) 1987 NO. 44 
- TABLE OF PROVISIONS

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


1987 No. 44 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 1
Principal Regulations


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


1987 No. 44 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 2
Calculation of interest


  2. Regulation 6 of the Principal Regulations is amended:
  (a)  by omitting from subregulation (1) "14.949 per cent" and substituting
"17.875 per cent";
  (b)  by omitting from subregulation (2) "1985" and substituting "1986"; and
  (c)  by omitting from paragraph (2) (b) "14.949 per cent" and substituting
"17.875 per cent".


1987 No. 44 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 3
Application


  3. (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 subregulation (1) that is defined in the Principal
Regulations has the same meaning for the purposes of that subregulation as it
has in those Regulations.


- NOTES


1987 No. 44*1* SUPERANNUATION (INTEREST) REGULATIONS*2* (AMENDMENT)



*1* Notified in the Commonwealth of Australia Gazette on 27 March 1987.
*2* Statutory Rules 1978 No. 253 as amended to date. For previous amendments
see Note 2 to Statutory Rules 1987 No. 7 and see also Statutory Rules 1987 No.
7.