CTHRepealedLegislation
Pension Loans Scheme (Social Security)-Rate of Compound Interest Determination No. 2 of 1997
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Pension Loans Scheme (Social Security)-Rate of Compound Interest Determination No. 2 of 1997
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Commonwealth of Australia
Social Security Act 1991
Pension Loans Scheme (Social Security)—Rate of Compound Interest Determination No. 2 of 1997
I, JOCELYN MARGARET NEWMAN, Minister for Social Security, make this determination under subsection 1135 (4) of the Social Security Act 1991.
Dated 22 December 1997.
JOCELYN NEWMAN
Minister for Social Security
1. Citation
This determination may be cited as the Pension Loans Scheme (Social Security)—Rate of Compound Interest Determination No. 2 of 1997.
2. Commencement
This determination commences on 25 December 1997.
3. Rate of compound interest
For subsection 1135 (4) of the Social Security Act 1991, the rate of compound interest is 5.25%.
4. Revocation
Pension Loans Scheme (Social Security)—Rate of Compound Interest Determination No. 1 of 1997 is revoked.