Superannuation (Productivity Benefit) Act 1988
3EInterest factors
Start here
Get a plain-English read of 3E
Turn the raw legal text into a practical explanation grounded in Superannuation (Productivity Benefit) Act 1988.
3E Interest factors
(1) For the purposes of section 8A, the Minister, before each financial year, is to declare, by legislative instrument: (a) the factor ascertained using a specified formula to be the declared first interest factor for that year; and (b) the factor ascertained using a specified formula to be the declared second interest factor for that year. (2) A formula: (a) is to involve the use of a rate specified in the declaration; and (b) may contain a variable that depends on the period, or another aspect, of the employment of the person in relation to whom the factor is to apply.