Document ID: chunk:federal_register_of_legislation:C2015C00338:clause:3_56
Version: federal_register_of_legislation:C2015C00338
Segment Type: clause
Provision Reference: sch 3 cl 56
Character Range: 110801–111435

56  Subsection 995‑1(1)
Insert:
long term bond rate, for a period, means:
 (a) the average, expressed as a decimal fraction to 4 decimal places (rounding up if the fifth decimal place is 5 or more), of the daily assessed Australian Government bond capital market yields in respect of 10‑year non‑rebate Treasury bonds published by the Reserve Bank in relation to the period; or
 (b) if no such yields in respect of bonds of that kind were published by the Reserve Bank in relation to the period, the decimal fraction determined by the Minister by legislative instrument for the purposes of this definition in relation to the period.