Section 1 - Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995 - Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995

1Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995

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Commonwealth Coat of Arms

Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995

as amended

made under section 4G of the

Superannuation (Productivity Benefit) Act 1988

Compilation start date: 1 July 2013

Includes amendments up to: Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2013 (No. 1)

About this compilation

The compiled instrument

This is a compilation of the Superannuation (Productivity Benefit) (Penalty Interest) Determination 1995 as amended and in force on 1 July 2013. It includes any amendment affecting the compiled instrument to that date.

This compilation was prepared on 1 July 2013.

The notes at the end of this compilation (the endnotes) include information about amending Acts and instruments and the amendment history of each amended provision.

Uncommenced provisions and amendments

If a provision of the compiled instrument is affected by an uncommenced amendment, the text of the uncommenced amendment is set out in the endnotes.

Application, saving and transitional provisions for amendments

If the operation of an amendment is affected by an application, saving or transitional provision, the provision is identified in the endnotes.

Modifications

If a provision of the compiled instrument is affected by a textual modification that is in force, the text of the modifying provision is set out in the endnotes.

Provisions ceasing to have effect

If a provision of the compiled instrument has expired or otherwise ceased to have effect in accordance with a provision of the instrument, details of the provision are set out in the endnotes.

Contents

1 Name of determination

2 Interpretation

3 How to calculate interest—subsections 4G(1) and (2) of the Act

4 Revocation

Schedule—Annual interest rates

Endnotes

Endnote 1—Legislation history

Endnote 2—Amendment history

Endnote 3—Uncommenced amendments [none]

Endnote 4—Misdescribed amendments [none]

Financial Year	Rate
1990–91	15.55%
1991–92	13.00%
1992–93	11.45%
1993–94	9.55%
1994–95	10.45%
1995–96	11.70%
1996–97	10.70%
1997–98	9.83%
1998–99	7.89%
1999–2000	7.51%
2000–2001	8.39%
2001–2002	7.78%
2001–2002	7.78%
2002–2003	8.10%
2003–2004	7.28%
2004–2005	7.94%
2005–2006	7.35%
2006–2007	7.71%
2007–2008	7.88%
2008–2009	8.29%
2009–2010	6.57%
2010–2011	7.71%
2011–2012	7.40%
2012–2013	5.67%
Financial years beginning on or after 1 July 2013	Estimated closing yield last published by the Reserve Bank of Australia before 1 June in the financial year immediately preceding the relevant financial year in respect of 10-year non-rebate Treasury Bonds, plus 2 per cent.

Year and Number/Title	Gazettal or FRLI registration date	Commencement date	Application, saving and transitional provisions
1995 No. 177	30 June 1995	30 June 1995
1996 No. 119	28 June 1996	28 June 1996	—
1997 No. 147	25 June 1997	25 June 1997	—
1998 No. 201	29 June 1998	29 June 1998	—
1999 No. 138	30 June 1999	30 June 1999	—
2000 No. 169	28 June 2000	28 June 2000	—
2001 No. 169	29 June 2001	29 June 2001	—
2002 No. 135	27 June 2002	27 June 2002	—
2003 No. 177	30 June 2003	30 June 2003	—
2004 No. 201	25 June 2004	25 June 2004	—
Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2005 (No. 1)	29 June 2005 (see F2005L01868)	30 June 2005	—
Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2006 (No. 1)	28 June 2006 (see F2006L01991)	29 June 2006	—
Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2007 (No. 1)	30 June 2007 (see F2007L01964)	1 July 2007	—
Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2008 (No. 1)	24 June 2008 (see F2008L02209)	1 July 2008	—
Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2009 (No. 1)	29 June 2009 (see (F2009L02549)	1 July 2009	—
Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2010 (No. 1)	24 June 2010 (see F2010L01694)	1 July 2010	—
Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2011 (No. 1)	28 June 2011 (see F2011L01288)	1 July 2011	—
Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2012 (No. 1)	19 June 2012 (see F2012L01252)	1 July 2012	—
Superannuation (Productivity Benefit) (Penalty Interest) Amendment Determination 2013 (No. 1)	22 May 2013 (see F2013L00823)	1 July 2013	—