Document ID: chunk:federal_register_of_legislation:C2022C00264:clause:11_154a
Version: federal_register_of_legislation:C2022C00264
Segment Type: clause
Provision Reference: sch 11 cl 154A
Character Range: 660903–662333

154A  Determinations with respect to interest and notional interest
 (1) Where, under any provision of this Act, interest is to be calculated on an amount, that interest must be calculated in accordance with a determination made by CSC for the purposes of that provision.
 (1A) If, under a provision of this Act, notional interest is to be calculated on an amount, that interest must be calculated in accordance with a determination made by CSC for the purposes of that provision.
 (2) A determination by CSC under subsection (1) or (1A) takes effect from:
 (a) a specified day; or
 (b) if no day is specified in the determination—the day of the making of the determination.
 (3) Subsection (4) applies in relation to the following provisions of this Act as in force before 1 July 1990:
 (a) the definitions of accumulated basic contributions and accumulated supplementary contributions in subsection 3(1);
 (b) subsections 7A(1), (2), (3) and (4);
 (c) subparagraphs 145(7)(d)(i), (8)(a)(i) and (9)(a)(i).
 (4) Regulations in force immediately before 1 July 1990 and making provision in relation to interest for the purposes of any of the provisions in relation to which this subsection applies:
 (a) remain in force on and after that date; and
 (b) are taken, for the purposes of those provisions as in force on and after that date, to be determinations made by CSC; and
 (c) may be amended or repealed by such determinations.