{"id":"F2008B00192","name":"Superannuation (Productivity Benefit) 1993-1994 First Interest Factor Declaration","slug":"superannuation-productivity-benefit-1993-1994-first-interest-factor-declaration","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":"184 of 1993","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":72859,"registerId":"commonwealth-F2008B00192-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Superannuation (Productivity Benefit) 1993-1994 First Interest Factor Declaration","content":"![](image.001.png)\n\nStatutory Rules 1993 No. 1841\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nSuperannuation (Productivity Benefit) 1993-1994 First Interest Factor Declaration\n\nI, ralph willis, Minister for Finance, make the following Declaration under paragraph 3e (1) (a) of the Superannuation (Productivity Benefit) Act 1988.\n\nDated 29 June 1993.\n\nRALPH WILLIS\n\nMinister for Finance\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nCitation\n\n1. This Declaration may be cited as Superannuation (Productivity Benefit) 1993-1994 First Interest Factor Declaration.\n\n> Note: \\[NOTE: This Declaration commences on gazettal: see Acts Interpretation Act 1901, ss. 46a and 48.\\]\n\n  \nInterpretation\n\n2. In this Declaration:\n\n“Act” means the Superannuation (Productivity Benefit) Act 1988;\n\n“Days” means:\n\n(a) in the case of an employee who becomes a fund employee—the number of days in the period:\n\n(i) commencing on the last day of the first pay period of the employee ending after 1 July 1993; and\n\n(ii) ending at the end of the day on which an amount first becomes payable under section 4f of the Act; or\n\n(b) in the case of an employee who becomes entitled to receive an interim benefit under section 6 of the Act—the number of days between:\n\n(i) the last day of the first pay period of the employee ending after 1 July 1993; and\n\n(ii) the day on which the employee became entitled to receive the benefit; or\n\n(c) in the case of an employee who neither becomes a fund employee nor becomes entitled to receive an interim benefit—the number of days between:\n\n(i) the last day of the first pay period of the employee ending after 1 July 1993; and\n\n(ii) 30 June 1994.\n\nDeclared first interest factor\n\n3. For the purposes of section 8a of the Act, the declared first interest factor for the financial year commencing on 1 July 1993 is:\n\n.\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nNOTE\n\n> Note: 1. Notified in the Commonwealth of Australia Gazette on 30 June 1993.","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This declaration serves its original narrow purpose: setting the interest factor for a specific financial year under the Superannuation (Productivity Benefit) Act 1988. It has not expanded beyond this technical administrative function."},"complexity_factors":["Very short document (only 3 operative sections plus citation and interpretation)","Only 2 defined terms ('Act' and 'Days')","Simple conditional structure with 3 parallel scenarios in the definition of 'Days'","Single purpose: declaring one numerical factor for interest calculations","No cross-references to other legislation beyond the parent Act","Straightforward mathematical application once the factor value is known"],"plain_english_summary":"This short 1993 ministerial declaration sets the formula for the “first interest factor” used to calculate interest on superannuation productivity benefits for 1993–94, though the actual numeric factor is blank in the text. It specifies how to count days for interest across different employee categories, affecting Commonwealth public servants covered by the Superannuation (Productivity Benefit) Act 1988 and determining how much interest accrues on delayed or held benefit payments."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"This Declaration implements a parameter and timing definitions authorised by the Superannuation (Productivity Benefit) Act 1988; it does not expand or narrow the classes of persons the Act covers. It operates within the Act’s delegated power (paragraph 3e(1)(a)) to specify a factor and day-count rules for the 1993–94 year."},"complexity_factors":["Single-purpose instrument: declares a numeric parameter (first interest factor) for a single financial year — low structural complexity.","Dependency on the parent Act: operation depends on interpreting section 8a of the Superannuation (Productivity Benefit) Act 1988 and cross-references to sections 4f and 6, requiring users to read both instruments together.","Branching definition of \"Days\": three distinct cases (fund employees, interim-benefit entitlement, neither) create modest interpretative work to determine which branch applies to an individual.","Commencement rule: relies on Acts Interpretation Act (ss.46a and 48) for gazettal commencement — procedural dependency but standard.","Missing numeric value in the supplied text: the declared factor itself is not visible in the provided copy, creating an implementation ambiguity for readers of this document alone."],"plain_english_summary":"This short Declaration by the Minister for Finance names the \"first interest factor\" to be used for calculating productivity benefits for the 1993–94 financial year and sets precise rules for counting \"Days\" in three different employee scenarios. It takes effect on gazettal. Mechanically, the Minister supplies a numeric factor under the Act (for use under section 8a) and administrators must apply the day-count rules when computing amounts payable or interim benefits (referenced to sections 4f and 6)."},"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"}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-productivity-benefit-1993-1994-first-interest-factor-declaration","history":"/api/acts/superannuation-productivity-benefit-1993-1994-first-interest-factor-declaration/history","analysis":"/api/acts/superannuation-productivity-benefit-1993-1994-first-interest-factor-declaration/analysis","conflicts":"/api/acts/superannuation-productivity-benefit-1993-1994-first-interest-factor-declaration/conflicts","importantCases":"/api/acts/superannuation-productivity-benefit-1993-1994-first-interest-factor-declaration/important-cases","documents":"/api/acts/superannuation-productivity-benefit-1993-1994-first-interest-factor-declaration/documents"}}