Small Superannuation Accounts Act 1995

PART 6 - CREDITING OF INTEREST  

Division 3 - Funding of interest  

SECTION 43   SUPPLEMENTATION OF UNALLOCATED INTEREST POOL  

43(1)   When section applies.  

This section applies if the Finance Minister is satisfied that:

(a) the balance of the Unallocated Interest Pool is nil; or

(b) the balance of the Unallocated Interest Pool is, or is likely to be, insufficient to meet the requirements of the Unallocated Interest Pool.

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History

S 43(1) amended by No 5 of 2011, s 3 and Sch 5 item 193, by substituting " Finance Minister " for " Minister for Finance " , effective 19 April 2011.

43(2)   Supplementation.  

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The Finance Minister may determine that the Unallocated Interest Pool is to be supplemented by a specified amount.

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History

S 43(2) amended by No 5 of 2011, s 3 and Sch 5 item 193, by substituting " Finance Minister " for " Minister for Finance " , effective 19 April 2011.

43(3)   Crediting of the supplementation amount.  

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The specified amount is to be credited to the Special Account.

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History

S 43(3) substituted by No 8 of 2005, s 3 and Sch 1 item 340, effective 22 February 2005. For savings provisions see note under s 3 . S 43(3) formerly read:

43(3) Transfer of supplementation amount.  

The specified amount is to be transferred from the Consolidated Revenue Fund to the Reserve.

43(4)   Credit to Unallocated Interest Pool.  

The Unallocated Interest Pool is to be credited by the specified amount.

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