Document ID: chunk:federal_register_of_legislation:F2013L00822:front:0:p2
Version: federal_register_of_legislation:F2013L00822
Segment Type: other
Provision Reference: 
Character Range: 2479–3484

purposes of section 8A of the Act, to be applied for the 2013‑2014 financial year and each subsequent financial year.

  Example

  A person first becomes an employee on 1 May 2006, and becomes a fund member on 1 August 2014.

  First, the first interest factors are applied for each financial year.

  Then the second interest factors are applied for each financial year in the period between 1 July 2006 and 30 June 2013. These factors are found in previous annual Declarations.

  To determine the second interest factor for the 2013‑2014 financial year, apply the formula in section 5 of this Declaration, using 2013‑2014 as the relevant financial year.

  To determine the second interest factor for the 2014‑2015 financial year, apply the formula in section 5 of this Declaration, using 2014-2015 as the relevant financial year.

5 Declared second interest factor

  For section 8A of the Act, the declared second interest factor for the relevant financial year is:

Interest rate x Number of days