{"id":"F1997B02386","name":"Superannuation (Prescribed Rates of Interest) Regulations","slug":"superannuation-prescribed-rates-of-interest-regulations","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":"63 of 1966","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":29589,"registerId":"commonwealth-F1997B02386-current","compilationNumber":null,"startDate":"2026-04-01","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Superannuation (Prescribed Rates of Interest) Regulations","content":"![](image.001.png)\n\nSuperannuation (Prescribed Rates of Interest) Regulations\n\nStatutory Rules 1966 No. 63 as amended\n\nmade under the\n\nSuperannuation Act 1922\n\nThis compilation was prepared on 8 June 2004 \ntaking into account amendments up to SR 1976 No. 201\n\nPrepared by the Office of Legislative Drafting, \nAttorney-General’s Department, Canberra\n\nContents\n\n1 Citation \\[see Note 1\\]\n\n2 Commencement \\[see Note 1\\]\n\n3 Prescribed rates of interest\n\nThe Schedule Prescribed rates of interest\n\nNotes\n\n1 Citation \\[see Note 1\\]\n\nThese Regulations may be cited as the Superannuation (Prescribed Rates of Interest) Regulations.\n\n2 Commencement \\[see Note 1\\]\n\nThese Regulations shall come into operation on the date to be fixed by the Treasurer by notice published in the Gazette under subsection (1) of section 69 of the Superannuation Act 1965.\n\n3 Prescribed rates of interest\n\nFor the purposes of subsection (3) of section 90 of the Superannuation Act 1922-1965, the rate specified in the second column of the Schedule to these Regulations opposite to a financial year specified in the first column of that Schedule is the prescribed rate of interest in respect of that financial year.\n\nThe Schedule Prescribed rates of interest\n\n(regulation 3)\n\n| First Column | Second Column |\n| --------------------------------------------- | ----------------------------------- |\n| Financial Year | Rate ofinterest per centumper annum |\n| Financial year that commenced on 1 July, 1957 | 4.471 |\n| Financial year that commenced on 1 July, 1958 | 4.633 |\n| Financial year that commenced on 1 July, 1959 | 4.713 |\n| Financial year that commenced on 1 July, 1960 | 4.888 |\n| Financial year that commenced on 1 July, 1961 | 4.875 |\n| Financial year that commenced on 1 July, 1962 | 5.308 |\n| Financial year that commenced on 1 July, 1963 | 5.371 |\n| Financial year that commenced on 1 July, 1964 | 5.425 |\n| Financial year that commenced on 1 July, 1965 | 5.551 |\n| Financial year that commenced on 1 July, 1966 | 5.484 |\n| Financial year that commenced on 1 July, 1967 | 5.705 |\n| Financial year that commenced on 1 July, 1968 | 5.770 |\n| Financial year that commenced on 1 July, 1969 | 5.884 |\n| Financial year that commenced on 1 July, 1970 | 6.116 |\n| Financial year that commenced on 1 July 1971 | 6.383 |\n| Financial year that commenced on 1 July 1972 | 6.508 |\n| Financial year that commenced on 1 July 1973 | 6.966 |\n| Financial year that commenced on 1 July 1974 | 7.364 |\n| Financial year that ended on 30 June 1976 | 7.842 |\n\n> Notes to the Superannuation (Prescribed Rates of Interest) Regulations\n\n> Note 1\n\n> Note: The Superannuation (Prescribed Rates of Interest) Regulations (in force under the Superannuation Act 1922) as shown in this compilation comprise Statutory Rules 1966 No. 63 amended as indicated in the Tables below.\n\n> Note: > Note: Table of Statutory Rules\n\n| Year andnumber | Date of notificationin Gazette | Date ofcommencement | Application, saving ortransitional provisions |\n| -------------- | ------------------------------ | ------------------------------------------------ | --------------------------------------------- |\n| 1966 No. 63 | 24 Feb 1966 | 31 Mar 1966 (see r. 2 and Gazette, 1966 p. 1415) | |\n| 1967 No. 36 | 3 Apr 1967 | 3 Apr 1967 | — |\n| 1968 No. 64 | 31 May 1968 | 31 May 1968 | — |\n| 1968 No. 142 | 22 Nov 1968 | 22 Nov 1968 | — |\n| 1972 No. 174 | 23 Oct 1972 | 23 Oct 1972 | — |\n| 1973 No. 210 | 26 Oct 1973 | 26 Oct 1973 | — |\n| 1974 No. 43 | 9 Apr 1974 | 9 Apr 1974 | — |\n| 1974 No. 87 | 21 May 1974 | 21 May 1974 | — |\n| 1974 No. 269 | 23 Dec 1974 | 23 Dec 1974 | — |\n| 1975 No. 221 | 23 Dec 1975 | 23 Dec 1975 | — |\n| 1976 No. 201 | 15 Sept 1976 | 15 Sept 1976 | — |\n\n> Note: > Note: Table of Amendments\n\n```html\n

ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted

Provision affected

How affected

The Schedule

The Schedule..........

am. 1967 No. 36; 1968 Nos. 64 and 142; 1972 No. 174; 1973 No. 210; 1974 Nos. 43, 87 and 269; 1975 No. 221; 1976 No. 201

\n```","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The regulation maintains its original narrow purpose: prescribing specific interest rates for the Superannuation Act 1922. It has not expanded beyond this technical administrative function. The amendments shown in the table merely add new years and rates to the schedule as time progressed, which is the intended operation of the instrument."},"complexity_factors":["Extremely short: only 3 operative regulations plus a schedule","No defined terms section","No cross-references to other legislation beyond the enabling Act","Simple tabular data structure with only two columns (financial year and rate)","No conditional logic, exceptions, or nested provisions","Straightforward declaratory language ('the rate specified...is the prescribed rate')"],"plain_english_summary":"This is a short, technical regulation that sets the interest rates for a specific type of Australian government superannuation (pension) scheme.\n\n**What it does:**\n- It provides a table of interest rates that apply to the **Superannuation Act 1922**, an old law covering Commonwealth public servants' retirement savings.\n- The rates are listed by financial year, starting from 1957-58 up to 1975-76.\n- These rates were used to calculate how much interest should be added to certain superannuation contributions or benefits under that Act.\n\n**Who it affects:**\n- Historically, this affected Commonwealth government employees and retirees covered by the 1922 Superannuation Act.\n- Today, this regulation is of **historical interest only**. The Superannuation Act 1922 has been replaced by newer schemes (the 1976 and 1990 Acts), and this particular regulation stops at 1976. Anyone still receiving benefits under the old 1922 Act would have their calculations based on these historical rates.\n\n**Why it matters:**\n- This document shows how government-set interest rates for retirement savings were prescribed in the past.\n- It demonstrates the historical transition from fixed, government-declared rates to modern market-linked investment returns in superannuation.\n- For researchers or people tracing old Commonwealth superannuation entitlements, this table provides the official rates that applied during the 1957-1976 period."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"Scope remains limited to prescribing interest rates for the specified financial years for use under subsection (3) of section 90. Amendments recorded in the Notes and Table of Amendments alter Schedule entries but do not broaden the Regulations' purpose or add procedural duties (see Regulation 3 and the Notes/Table of Amendments)."},"complexity_factors":["Simple, deterministic schedule of numerical rates for specific financial years (Regulation 3 and the Schedule).","Narrow statutory cross‑reference — rates apply only for the purposes of subsection (3) of section 90 (Regulation 3).","Commencement timing left to the Treasurer by Gazette notice (Regulation 2), adding a procedural trigger separate from the text.","Amendment history updates only the Schedule (Notes/Table of Amendments), so tracking changes requires consulting amendment notices.","Precision of numerical rates requires accurate application in financial calculations; the instrument does not specify calculation method (e.g. compounding), leaving that to the Act or practice."],"plain_english_summary":"These regulations specify the exact annual interest rates (listed in the Schedule) to be used for calculations required by subsection (3) of section 90 of the Superannuation Act 1922–1965. The Treasurer determines when the Regulations come into effect by Gazette notice. They directly affect superannuation administrators, beneficiaries and the Commonwealth payer by fixing who pays or receives interest and at what rate for the listed financial years."}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-prescribed-rates-of-interest-regulations","history":"/api/acts/superannuation-prescribed-rates-of-interest-regulations/history","analysis":"/api/acts/superannuation-prescribed-rates-of-interest-regulations/analysis","conflicts":"/api/acts/superannuation-prescribed-rates-of-interest-regulations/conflicts","importantCases":"/api/acts/superannuation-prescribed-rates-of-interest-regulations/important-cases","documents":"/api/acts/superannuation-prescribed-rates-of-interest-regulations/documents"}}