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Small Superannuation Accounts Act 1995

PART 6 - CREDITING OF INTEREST  

Division 4 - Allocation day and allocation rate  

SECTION 45  

45   SIMPLIFIED OUTLINE  
The following is a simplified outline of this Division:

  • • The allocation day for a quarter is published in the Gazette . The allocation day is the day on which interest is credited to accounts.
  • • The allocation rate for a quarter is published in the Gazette . The allocation rate is the rate at which interest accrues to an account.
  • • The allocation rate is worked out under section 47 .

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