{"id":"F2008B00169","name":"Superannuation (Productivity Benefit) 1994-1995 Second Interest Factor Declaration","slug":"superannuation-productivity-benefit-1994-1995-second-interest-factor-declaration","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":"210 of 1994","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":72746,"registerId":"commonwealth-F2008B00169-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Superannuation (Productivity Benefit) 1994-1995 Second Interest Factor Declaration","content":"![](image.001.png)\n\nStatutory Rules 1994 No. 2101\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nSuperannuation (Productivity Benefit) 1994-1995 Second Interest Factor Declaration\n\nI, KIM CHRISTIAN BEAZLEY, Minister for Finance, make the following Declaration under paragraph 3E (1) (b) of the Superannuation (Productivity Benefit) Act 1988.\n\nDated 20 June 1994.\n\nKIM C. BEAZLEY\n\nMinister for Finance\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nCitation\n\n1. This Declaration may be cited as Superannuation (Productivity Benefit) 1994-1995 Second Interest Factor Declaration.\n\n> Note: \\[NOTE: This Declaration commences on gazettal: see Acts Interpretation Act 1901, ss. 46A and 48.\\]\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 day following the last day of the last pay period of the employee ending before 1 July 1994; 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 day following the last day of the last pay period of the employee ending before 1 July 1994; 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 day following the last day of the last pay period of the employee ending before 1 July 1994; and\n\n(ii) 30 June 1995.\n\nDeclared second interest factor\n\n3. For the purposes of section 8a of the Act, the declared second interest factor for the financial year commencing on 1 July 1994 is:\n\n.\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nNOTE\n\n> Note: 1. Notified in the Commonwealth of Australia Gazette on 30 June 1994.","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This declaration performs exactly the narrow, technical function it was designed for: setting an interest factor for a specific financial year under the parent Act. There is no scope creep."},"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 mutually exclusive scenarios in the definition of 'Days'","Single operative provision (section 3) with a straightforward declaration","No cross-references to other legislation except the parent Act and standard commencement provisions","No nested exceptions or complex logical operators"],"plain_english_summary":"This short ministerial declaration (June 1994) sets the “second interest factor” used to calculate interest on productivity-benefit superannuation payments for certain Commonwealth public servants for 1994–95. It specifies how to count the relevant days for fund transferees, interim-benefit recipients and others so interest can be computed. The actual numerical value is blank in this draft."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"This Declaration does not amend or broaden the Act. It implements an existing statutory mechanism by specifying a numeric parameter required by section 8a and by defining how to count 'Days' for calculation purposes (see s.2–s.3). The instrument is implementation-focused rather than scope-changing."},"complexity_factors":["Operational, numeric instrument: the declaration simply supplies a numeric factor for a statutory formula (s.3) — conceptually simple but consequential for payments.","Conditional definitions of 'Days' create calculation detail: three distinct counting rules for different employee statuses increase administrative complexity (s.2).","Single ministerial decision point: made under paragraph 3E(1)(b), so discretion is concentrated in the Minister's declaration.","Dependency on cross-reference: effect depends on how section 8a of the Act uses the declared factor, requiring users to consult the Act (s.3).","Administrative burden on payroll/superannuation administrators to identify relevant pay-period end dates and benefit entitlement dates and apply the factor (s.2, s.3).","Source text here omits the actual numeric value of the declared factor, creating ambiguity in this copy (s.3)."],"plain_english_summary":"This Declaration, made by the Minister for Finance under paragraph 3E(1)(b) of the Superannuation (Productivity Benefit) Act 1988, sets the \"declared second interest factor\" used under section 8a to calculate productivity-related superannuation payments for the 1994–95 financial year (s.3). It also defines how to count \"Days\" for three employee situations—fund employees, those receiving interim benefits, and others—so pay administrators and superannuation funds must apply that factor when computing amounts payable (s.2). The printed text here omits the numeric factor."}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-productivity-benefit-1994-1995-second-interest-factor-declaration","history":"/api/acts/superannuation-productivity-benefit-1994-1995-second-interest-factor-declaration/history","analysis":"/api/acts/superannuation-productivity-benefit-1994-1995-second-interest-factor-declaration/analysis","conflicts":"/api/acts/superannuation-productivity-benefit-1994-1995-second-interest-factor-declaration/conflicts","importantCases":"/api/acts/superannuation-productivity-benefit-1994-1995-second-interest-factor-declaration/important-cases","documents":"/api/acts/superannuation-productivity-benefit-1994-1995-second-interest-factor-declaration/documents"}}