Australian Capital Territory Numbered Acts

LONG SERVICE LEAVE (PORTABLE SCHEMES) AMENDMENT ACT 2012 (NO. 9 OF 2012) - SECT 45

substitute

    (3)     The determined rate of interest must be determined at the end of each financial year for the previous financial year, and is—

        (a)     if the contract cleaning scheme industry funds invested made a return—75% of the rate of the return for the financial year in which the determination is made; or

        (b)     if the fund did not make a return or made a loss—nil.