SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT) 1987 NO. 7 

SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT) 1987 NO. 7 
- TABLE OF PROVISIONS

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


1987 No. 7 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 1
Principal Regulations


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


1987 No. 7 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 2
Calculations of interest


  2. Regulation 6 of the Principal Regulations is amended-
  (a) by omitting from sub-regulation (1) "1985" and "16.42 per cent" and
substituting "1986" and "14.949 per cent" respectively; and
  (b) by omitting from paragraph (2) (b) "1985" (wherever occurring) and
"16.42 per cent" and substituting "1986" and "14.949 per cent" respectively.


1987 No. 7 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 1985 . . . 16.714 per cent per
annum."


1987 No. 7 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
subregulation as it has in those Regulations.


- NOTES


1987 No. 7*1* SUPERANNUATION (INTEREST) REGULATIONS*2* (AMENDMENT)



*1*Notified in the Commonwealth of Australia Gazette on 30 January 1987.
*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; 1986 Nos. 15, 139, 250 and 389.