SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT) 1989 NO. 33 

SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT) 1989 NO. 33 
- TABLE OF PROVISIONS

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


1989 No. 33 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 1
Principal Regulations


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


1989 No. 33 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 2
Calculation of interest


  2. Regulation 6 of the Principal Regulations is amended:
  (a)  by omitting from subregulation (1) "1 October 1988" and "12.42 per
cent" and substituting "1 January 1989" and "13.76 per cent" respectively;
  (b)  by omitting from subregulation (2) "1 October 1988" (wherever
occurring) and "12.42 per cent" and substituting "1 January 1989" and "13.76
per cent" respectively.


1989 No. 33 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 3
Schedule


  3. The Schedule to the Principal Regulations is amended by adding at the end
of Part II: "Quarter that commenced on 1 October 19885.415 per cent per
annum".


1989 No. 33 SUPERANNUATION (INTEREST) REGULATIONS (AMENDMENT)
- REG 4
Application


  4. (1) The provisions of regulation 6 of the Principal Regulations, as
amended by these Regulations, apply 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


1989 No. 33*1* SUPERANNUATION (INTEREST) REGULATIONS*2* (AMENDMENT)



*1* Notified in the Commonwealth of Australia Gazette on 14 March 1989.
*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; 1987 Nos. 7, 44, 99, 199 and 271;
1988 Nos. 33, 113, 229, 274 and 336.