Small Superannuation Accounts Act 1995
PART 6
-
CREDITING OF INTEREST
Division 2
-
Gross interest amount and net interest amount
SECTION 38
38
GROSS INTEREST AMOUNT
For the purposes of this Part, the gross interest amount for a quarter is the sum of the following amounts:
(a) the income derived by the Commonwealth during the quarter from the investment of amounts standing to the credit of the Special Account;
(b) the amount (if any) determined by the Finance Minister in relation to the quarter having regard to the amount standing to the credit of the Special Account that remains uninvested from time to time during the quarter.
For the purposes of this Part, the gross interest amount for a quarter is the sum of the following amounts:
(a) the income derived by the Commonwealth during the quarter from the investment of amounts standing to the credit of the Special Account;
(b) the amount (if any) determined by the Finance Minister in relation to the quarter having regard to the amount standing to the credit of the Special Account that remains uninvested from time to time during the quarter.