{"id":"F2006B11456","name":"Superannuation (Productivity Benefit) Declaration No. 8","slug":"superannuation-productivity-benefit-declaration-no-8","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":"125 of 1991","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":57402,"registerId":"commonwealth-F2006B11456-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Superannuation (Productivity Benefit) Declaration No. 8","content":"![](image.001.png)\n\nStatutory Rules 1991 No. 1251\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nSuperannuation (Productivity Benefit)\n\nDeclaration No. 8\n\nI, RALPH WILLIS, Minister for Finance, make the following Declaration under paragraph 3e (1) (b) of the Superannuation (Productivity Benefit) Act 1988.\n\nDated 5 June 1991.\n\nRALPH WILLIS\n\nMinister for Finance\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nCitation\n\n1. This Declaration may be cited as Superannuation (Productivity Benefit) Declaration No. 8.\n\n  \n\nSpecified formula\n\n4. For the purposes of section 8a of the Superannuation (Productivity Benefit) Act 1988, the factor ascertained using the following formula is declared to be the declared second interest factor for the financial year commencing on 1 July 1991:\n\nwhere:\n\n“Interest rate” means 0.11;\n\n“Days” means:\n\n(a) in the case of an employee who becomes a fund employee—the number of days between the day following the last day of the last pay period of the employee ending before 1 July 1991 and the day on which an amount first becomes payable under section 4f of that Act and including both of those days; or\n\n(b) in the case of an employee who becomes entitled to receive an interim benefit under section 6 of that Act—the number of days between the day following the last day of the last pay period of the employee ending before 1 July 1991 and 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 the date of the day following the last day of the last pay period of the employee ending before 1 July 1991 and 30 June 1992.\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nNOTE\n\n1. Notified in the Commonwealth of Australia Gazette on 21 June 1991.","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This declaration performs exactly its intended function: setting the annual interest factor formula as required by section 8A of the parent Act. It has not expanded beyond this narrow technical purpose."},"complexity_factors":["Single operative provision with one formula","Only 1 defined term ('Interest rate') with fixed value","Three simple conditional branches for 'Days' calculation based on employee status","No cross-references to other legislation beyond the enabling Act","Total length: approximately 250 words","Straightforward arithmetic formula with no nested calculations"],"plain_english_summary":"This 1991 Minister for Finance declaration under the Superannuation (Productivity Benefit) Act 1988 prescribes the numerical formula used to calculate the second interest factor for 1991–92, applying an 11% rate and a days-based accrual depending on an employee’s entry, interim benefit, or standing status during the year. \n\nIt affects Australian public-sector employees covered by the Act by providing the official interest basis for computing productivity-related superannuation payments."},"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 expand or narrow who is covered under the Superannuation (Productivity Benefit) Act 1988. It only prescribes the declared second interest factor for the 1991–92 financial year (interest rate 0.11) and defines how to calculate the 'Days' input for three employee categories, thereby changing calculation inputs but not statutory coverage."},"complexity_factors":["Single numerical parameter specified (Interest rate = 0.11) — low mathematical complexity","Formula depends on a 'Days' variable with three alternative definitions depending on employee status (fund employee; entitled to interim benefit; neither)","Cross‑references to the principal Act: section 8a (use of declared factor), section 4f (amount payable) and section 6 (interim benefit) — requires reading the principal Act to see full effect","Temporal limitation: instrument applies only to the financial year commencing 1 July 1991","Practical implementation requires per‑employee day counting (inclusive dates) which creates modest administrative/compliance effort for administrators"],"plain_english_summary":"This Declaration fixes the numerical factor (the \"declared second interest factor\") used to calculate productivity‑benefit payments for the financial year beginning 1 July 1991 by prescribing a formula that uses an interest rate of 0.11 and specific day‑count rules. It applies to employees who become fund employees, employees who become entitled to an interim benefit under section 6 of the Act, and employees in neither category, changing how benefit amounts are computed rather than who is covered."}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-productivity-benefit-declaration-no-8","history":"/api/acts/superannuation-productivity-benefit-declaration-no-8/history","analysis":"/api/acts/superannuation-productivity-benefit-declaration-no-8/analysis","conflicts":"/api/acts/superannuation-productivity-benefit-declaration-no-8/conflicts","importantCases":"/api/acts/superannuation-productivity-benefit-declaration-no-8/important-cases","documents":"/api/acts/superannuation-productivity-benefit-declaration-no-8/documents"}}