Small Superannuation Accounts Act 1995

PART 6 - CREDITING OF INTEREST  

Division 4 - Allocation day and allocation rate  

SECTION 46   GAZETTAL OF ALLOCATION DAY AND ALLOCATION RATE  

46(1)   [ Declaration for current quarter ]  

As soon as practicable after an amount is credited to the Special Account under section 41 in respect of a quarter (the current quarter ), the Commissioner of Taxation must, by notice published in the Gazette , declare that, for the purposes of this Part:

(a) a specified day in the quarter next following the current quarter is the allocation day for the current quarter; and

(b) a specified percentage is the allocation rate for the current quarter.

Note:

To work out the allocation rate see section 47 .

46(2)   [ Date of effect ]  

The declaration has effect accordingly.