{"id":"F2006B11519","name":"Superannuation (Productivity Benefit) (2000-2001 First Interest Factor) Declaration 2000","slug":"superannuation-productivity-benefit-2000-2001-first-interest-factor-declaration-2000","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":"167 of 2000","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":436754,"registerId":"F2006B11519-fast-fetch-1775953851685","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Superannuation (Productivity Benefit) (2000-2001 First Interest Factor) Declaration 2000","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![](image.001.png)\n\nSuperannuation (Productivity Benefit) (2000–2001 First Interest Factor) Declaration 2000\n\nStatutory Rules 2000 No. 167\n\nI, john joseph fahey, Minister for Finance and Administration, make the following Declaration under paragraph 3E (1) (a) of the Superannuation (Productivity Benefit) Act 1988.\n\nDated 18 June 2000\n\njohn fahey\n\nMinister for Finance and Administration\n\n![](image.001.png)\n\nSuperannuation (Productivity Benefit) (2000–2001 First Interest Factor) Declaration 2000\n\nStatutory Rules 2000 No. 1671\n\nmade under the\n\nSuperannuation (Productivity Benefit) Act 1988\n\n \n\n \n\n \n\nContents\n\n Page\n\n 1 Name of Declaration \n\n 2 Commencement \n\n 3 Definitions \n\n 4 Declared first interest factor \n\n \n\n \n\nDo not delete : Part placeholder\n\nDo not delete : Division placeholder\n\n1 Name of Declaration\n\n  This Declaration is the Superannuation (Productivity Benefit) (2000–2001 First Interest Factor) Declaration 2000.\n\n2 Commencement\n\n  This Declaration commences on gazettal.\n\n3 Definitions\n\n  In this Declaration:\n\nAct means the Superannuation (Productivity Benefit) Act 1988.\n\nDays means:\n\n (a) in the case of an employee who becomes a fund employee during the financial year starting on 1 July 2000 — the number of days in the period:\n\n (i) starting on the last day of the first pay period of the employee ending after 1 July 2000; 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 starting on 1 July 2000 — the number of days between:\n\n (i) the last day of the first pay period of the employee ending after 1 July 2000; 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 starting on 1 July 2000 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 2000; and\n\n (ii) 30 June 2001.\n\n4 Declared first interest factor\n\n  For section 8A of the Act, the declared first interest factor for the financial year starting on 1 July 2000 is:\n\n \n\n0.0639  Days.\n\n730\n\nNote\n\n1. Notified in the Commonwealth of Australia Gazette on 28 June 2000. \n\n \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"},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"The Declaration does not alter who is covered by the Superannuation (Productivity Benefit) Act or the legal tests for entitlement. It only supplies a numeric parameter and a definition of 'Days' for calculating the 2000–2001 first interest factor, thereby changing monetary calculation inputs but not legislative scope or eligibility."},"complexity_factors":["Simple arithmetic rule: declared factor expressed as 0.0639 × Days ÷ 730 (explicit numeric input).","Definitions complexity: three alternative Rules for counting 'Days' depending on whether an employee becomes a fund employee, receives an interim benefit, or neither (supply of date-bound payroll cutoffs).","Statutory linkage: the declared factor operates only as the input for section 8A of the Superannuation (Productivity Benefit) Act 1988, so administrators must map this declaration into existing legislative calculation rules.","Administrative burden: payroll/administration systems must compute Days precisely relative to pay‑period end dates and benefit payment dates, creating potential for implementation and rounding discrepancies.","Low legal novelty: the instrument does not create new rights or duties beyond supplying a numeric parameter, reducing interpretive risk but requiring careful operational application."],"plain_english_summary":"This Declaration sets the numeric \"first interest factor\" used to calculate the Superannuation (Productivity Benefit) payment for the 2000–2001 financial year. It prescribes the formula 0.0639 × Days ÷ 730 and defines how to count “Days” for different employee situations. It affects Commonwealth fund employees and people receiving interim benefits because it changes the arithmetic used to compute their productivity‑benefit payment amounts for that year."},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This declaration performs exactly the function intended by its enabling legislation — setting the annual interest factor for a specific financial year. It has not expanded beyond its original purpose."},"complexity_factors":["Very short document (4 operative sections, approximately 1 page of substantive content)","Only 2 defined terms ('Act' and 'Days')","Single mathematical formula with one variable","Three conditional definitions for 'Days' but these are mutually exclusive and clearly structured","No cross-references to other legislation beyond the enabling Act","No nested exceptions or complex conditional logic"],"plain_english_summary":"This instrument sets the \"first interest factor\" for 2000–01 under the Superannuation (Productivity Benefit) Act 1988, using the formula 0.0639 × Days ÷ 730. \"Days\" is measured from the first pay period after 1 July 2000 until the benefit is payable, until an interim benefit was paid, or until 30 June 2001, depending on the member’s circumstances.\n\nIt affects Commonwealth public servants covered by that Act by determining the interest added to their productivity benefits for 2000–01."}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-productivity-benefit-2000-2001-first-interest-factor-declaration-2000","history":"/api/acts/superannuation-productivity-benefit-2000-2001-first-interest-factor-declaration-2000/history","analysis":"/api/acts/superannuation-productivity-benefit-2000-2001-first-interest-factor-declaration-2000/analysis","conflicts":"/api/acts/superannuation-productivity-benefit-2000-2001-first-interest-factor-declaration-2000/conflicts","importantCases":"/api/acts/superannuation-productivity-benefit-2000-2001-first-interest-factor-declaration-2000/important-cases","documents":"/api/acts/superannuation-productivity-benefit-2000-2001-first-interest-factor-declaration-2000/documents"}}