Military Superannuation and Benefits Act 1991 (Interest) Determination No. 1 (Cth)

Military Superannuation and Benefits Act 1991 (Interest) Determination No. 1

as amended

made under clause 3 of the Trust Deed made under Part 2 of the

Military Superannuation and Benefits Act 1991

This compilation was prepared on 3 November 2008 taking into account amendments up to Military Superannuation and Benefits Act 1991 (Interest) Determination No. 79.

Please note: Since 1 July 2002 the Military Superannuation and Benefits Scheme Rules have provided for the use of unit pricing in calculating benefits. Accordingly, there are no amendments to this Determination after July 2002.

Prepared by Commonwealth Superannuation Administration (ComSuper), the administrator of the Military Superannuation and Benefits Scheme. COMMONWEALTH OF AUSTRALIA

MILITARY SUPERANNUATION AND BENEFITS ACT 1991

DETERMINATION

The Military Superannuation and Benefits Board of Trustees No. 1, pursuant to clause 3 of the Trust Deed made under Part 2 of the Military Superannuation and Benefits Act 1991, DETERMINES as follows:

Citation

1. This determination may be cited as the Military Superannuation and Benefits Act 1991 (Interest) Determination No. 1.

Commencement

2. This determination shall take effect from and including 1 October 1991.

Interpretation

3. (1) In this determination, unless the contrary intention appears–

Act means the Military Superannuation and Benefits Act 1991;

Board means the Military Superannuation and Benefits Board of Trustees No. 1 established by section 18 of the Act;

crediting rate of interest in relation to any prescribed amount means an interest rate determined by the Board under this determination in relation to a specified period;

Deed means the Trust Deed made under Part 2 of the Act;

exit rate of interest in relation to any prescribed amount means an interest rate determined by the Board under this determination to apply to that prescribed amount from the date when a crediting rate of interest last applied;