Superannuation (Productivity Benefit) (2010-2011 Second Interest Factor) Declaration 20101

I, LINDSAY TANNER, Minister for Finance and Deregulation, make the following Declaration under paragraph 3E (1) (b) of the Superannuation (Productivity Benefit) Act 1988.

Dated June 17th 2010

LINDSAY TANNER

Minister for Finance and Deregulation

1 Name of Declaration

  This Declaration is the Superannuation (Productivity Benefit) (2010-2011 Second Interest Factor) Declaration 2010.

2 Commencement

  This Declaration commences on 1 July 2010.

3 Definition

  In this Declaration:

Act means the Superannuation (Productivity Benefit) Act 1988.

Number of days is:

 (a) in the case of an employee who becomes a fund employee during the financial year commencing on 1 July 2010 — the number of days in the period:

 (i) starting on the day after the last day of the last pay period for the employee ending before 1 July 2010; 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 commencing on 1 July 2010 — the number of days between:

 (i) the day after the last day of the last pay period for the employee ending before 1 July 2010; and

 (ii) the day on which the interim benefit becomes payable; or

 (c) in the case of an employee who does not become a fund employee during the financial year commencing on 1 July 2010, and in respect of whom an interim benefit does not become payable during that year — the number of days between:

 (i) the day following the last day of the last pay period for the employee ending before 1 July 2010; and

 (ii) 30 June 2011.

4 Declared second interest factor

  For section 8A of the Act, the declared second interest factor for the financial year commencing on 1 July 2010 is:

Note

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.