{"id":"F2008B00190","name":"Superannuation (Productivity Benefit) 1995-96 First Interest Factor Declaration","slug":"superannuation-productivity-benefit-1995-96-first-interest-factor-declaration","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":"175 of 1995","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":72851,"registerId":"commonwealth-F2008B00190-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Superannuation (Productivity Benefit) 1995-96 First Interest Factor Declaration","content":"![](image.001.png)\n\nStatutory Rules 1995 No. 1751\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nSuperannuation (Productivity Benefit) 1995-96 First Interest Factor Declaration\n\nI, KIM CHRISTIAN BEAZLEY, Minister for Finance, make the following Declaration under paragraph 3E (1) (a) of the Superannuation (Productivity Benefit) Act 1988.\n\nDated 21 June 1995.\n\nKIM C. BEAZLEY\n\nMinister for Finance\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nCitation\n\n1. This Declaration may be cited as the Superannuation (Productivity Benefit) 1995-96 First 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 during the financial year commencing on 1 July 1995—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 1995; 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 in respect of whom an interim benefit becomes payable under section 6 of the Act during the financial year commencing on 1 July 1995—the number of days between:\n\n(i) the last day of the first pay period of the employee ending after 1 July 1995; and\n\n(ii) the day on which the interim benefit became payable; or\n\n(c) in the case of an employee who does not become a fund employee during the financial year commencing on 1 July 1995 and in respect of whom an interim benefit does not become payable during that year—the number of days between:\n\n(i) the last day of the first pay period of the employee ending after 1 July 1995; and\n\n(ii) 30 June 1996.\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 1995 is:\n\n.\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nNOTE\n\n> Note: 1. Notified in the Commonwealth of Australia Gazette on 30 June 1995.","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"},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"This Declaration does not alter who is covered by the Act; it declares an administrative parameter (the \"declared first interest factor\") for use under s8a and sets a method for counting \"Days\" for benefit calculations (s2, s3). It implements a procedural/quantitative detail rather than changing substantive eligibility or obligations under the Act."},"complexity_factors":["Cross-references to multiple provisions of the parent Act (preamble: paragraph 3E(1)(a); s3 refers to s8a; s2 refers to ss 4f and 6)","Conditional, tripartite definition of the key term \"Days\" (s2(a)–(c)) requiring different date computations depending on employee status","Instrument is primarily a numeric/administrative parameter rather than substantive law change (s3), reducing legal complexity","Blank/absent numeric value in the supplied text (s3 shows no number), requiring checking the published Gazette or original source to determine the concrete factor","Immediate commencement on gazettal (note), meaning administrative systems must apply the parameter from publication"],"plain_english_summary":"This Declaration, made by the Minister for Finance, sets the “declared first interest factor” to be used under section 8a of the Superannuation (Productivity Benefit) Act 1988 for the 1995–96 year (s3). It takes effect on gazettal. The instrument defines how to count “Days” for different employee situations to allocate productivity-benefit payments (s2) and links that counting to payments under sections 4f and 6 of the Act. The Minister decides the parameter; the declaration supplies an administrative number used in benefit calculations."},"kimi_summary":{"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"This declaration performs exactly the function intended by its enabling legislation — setting the annual interest factor for productivity benefits. It has not expanded beyond the original statutory purpose."},"complexity_factors":["Only 3 operative sections with minimal cross-referencing","Single defined term ('Act') plus one complex defined term ('Days') with three nested sub-paragraphs (a), (b), and (c)","Heavy reliance on external legislation (Superannuation (Productivity Benefit) Act 1988) for context — the declaration cannot be understood without knowing that Act","Conditional logic in the 'Days' definition requires tracking three different employee scenarios with specific date calculations","Missing substantive content: the actual interest factor value (section 3) is not visible in the text provided"],"plain_english_summary":"This 1995 Minister for Finance declaration sets the interest factor and the day-count rules used to calculate productivity benefit payments under the Superannuation (Productivity Benefit) Act 1988 for the 1995–96 year. It applies to Commonwealth employees in the productivity benefit scheme and directly affects the superannuation amounts they receive. The declared rate itself is redacted in this copy."}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-productivity-benefit-1995-96-first-interest-factor-declaration","history":"/api/acts/superannuation-productivity-benefit-1995-96-first-interest-factor-declaration/history","analysis":"/api/acts/superannuation-productivity-benefit-1995-96-first-interest-factor-declaration/analysis","conflicts":"/api/acts/superannuation-productivity-benefit-1995-96-first-interest-factor-declaration/conflicts","importantCases":"/api/acts/superannuation-productivity-benefit-1995-96-first-interest-factor-declaration/important-cases","documents":"/api/acts/superannuation-productivity-benefit-1995-96-first-interest-factor-declaration/documents"}}