New South Wales Consolidated Acts

SUPERANNUATION ACT 1916 - SECT 21E

21E Interest to be paid on commuted amounts

Whenever a lump sum is payable under section 21C on or after the commencement of Schedule 2 (6) to the Superannuation (Amendment) Act 1988 , interest at the rate currently fixed under section 86A for the purposes of this section (less any deduction for money due to the Fund) is payable from the Fund in respect of the period beginning with the date on which the lump sum becomes payable and ending with the date when it is authorised to be paid.