For section 8A of the Act, the declared second interest factor for the financial year starting on 1 July 2004 is:

where:

Number of days is:

(a)

in the case of an employee who becomes a fund employee during the financial year starting on 1 July 2004 — the number of days in the period:

(i)

starting on the day after the last day of the last pay period for the employee ending before 1 July 2004; and

(ii)

ending at the end of the day on which an amount first becomes payable under section 4F of the Act; or

(b)

in the case of an employee in respect of whom an interim benefit becomes payable under section 6 of the Act during the financial year starting on 1 July 2004 — the number of days between:

(i)

the day after the last day of the last pay period for the employee ending before 1 July 2004; and

(ii)

the day on which the interim benefit becomes payable; or

(c)

in the case of an employee who does not become a fund employee during the financial year starting on 1 July 2004, and in respect of whom an interim benefit does not become payable during that year — the number of days between:

(i)

the day following the last day of the last pay period for the employee ending before 1 July 2004; and

(ii)

30 June 2005.