Superannuation (Productivity Benefit) (2001-2002 First Interest Factor) Declaration 2001 (Cth)

Superannuation (Productivity Benefit) (2001–2002 First Interest Factor) Declaration 2001

Statutory Rules 2001 No. 167 1

I, JOHN JOSEPH FAHEY, Minister for Finance and Administration, make the following Declaration under paragraph 3E (1) (a) of the Superannuation (Productivity Benefit) Act 1988. Dated 24 June 2001

JOHN FAHEY Minister for Finance and Administration

1 Name of Declaration

This Declaration is the Superannuation (Productivity Benefit) (2001–2002 First Interest Factor) Declaration 2001.

2 Commencement

This Declaration commences on gazettal.

3 Definitions

In this Declaration: Act means the Superannuation (Productivity Benefit) Act 1988. Days means: (a) in the case of an employee who becomes a fund employee during the financial year starting on 1 July 2001 — the number of days in the period: (i) starting on the last day of the first pay period of the employee ending after 1 July 2001; and (ii) ending at the end of the day on which an amount first becomes payable under section 4F of the Act; or (b) in the case of an employee in respect of whom an interim benefit becomes payable under section 6 of the Act during the financial year starting on 1 July 2001 — the number of days between: (i) the last day of the first pay period of the employee ending after 1 July 2001; and (ii) the day on which the interim benefit became payable; or (c) in the case of an employee who does not become a fund employee during the financial year starting on 1 July 2001 and in respect of whom an interim benefit does not become payable during that year — the number of days between: (i) the last day of the first pay period of the employee ending after 1 July 2001; and (ii) 30 June 2002.

4 Declared first interest factor

For section 8A of the Act, the declared first interest factor for the financial year starting on 1 July 2001 is: