Small Superannuation Accounts Act 1995

PART 6 - CREDITING OF INTEREST  

Division 2 - Gross interest amount and net interest amount  

SECTION 38  

38   GROSS INTEREST AMOUNT  
For the purposes of this Part, the gross interest amount for a quarter is the sum of the following amounts:

(a) the income derived by the Commonwealth during the quarter from the investment of amounts standing to the credit of the Special Account;

View history reference

(b) the amount (if any) determined by the Finance Minister in relation to the quarter having regard to the amount standing to the credit of the Special Account that remains uninvested from time to time during the quarter.

View history reference

 View history note

 Hide history note

History

S 38 amended by No 5 of 2011, s 3 and Sch 5 item 192, by substituting " Finance Minister " for " Minister for Finance " in para (b), effective 19 April 2011.

S 38 amended by No 8 of 2005, s 3 and Sch 1 items 335 and 336, by substituting " amounts standing to the credit of the Special Account " for " money in the Reserve " in para (a) and " amount standing to the credit of the Special Account that remains uninvested " for " amount of uninvested money in the Reserve " in para (b), effective 22 February 2005. For savings provisions see note under s 3 .

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.