(1) For a person who is a senator or member of the House of Representatives, the following components of remuneration are to be paid to the person on a fortnightly basis in arrears:
(a) base salary;
(b) electorate allowance;
(c) office holder's salary (if any);
(d) vehicle allowance (if any).
Note: For the period during which a senator or member of the House of Representatives is to be paid, see section 49.
(2) The amount to be paid to the person per fortnight is to be worked out in accordance with a method (the relevant method ) prescribed by the regulations for the purposes of this subsection.
(3) The relevant method must be based on the amount of each component of remuneration referred to in subsection (1) that is determined under subsection 45(1).
(4) If the Remuneration Tribunal has made a determination under subsection 45(1) about remuneration that specifies a period, the relevant method may result in the person being paid, for that period, less or more than the amount of remuneration so determined that applies for that period.