Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The amount of a PPL superannuation contribution payable under section 115B for a person for an income year is the sum of the following:
(a) the base contribution for the person for the year multiplied by the SG charge percentage for that year;
(b) the nominal interest rate amount for the person for the year.
(2) The base contribution for a person for an income year is the sum of the following:
(a) the sum of all PPL funding amounts relating to the person paid under section 75 in the income year by the Secretary to an employer of the person;
(b) the sum of all instalments (as increased (if any) under subsection (3)) to which both of the following apply:
(i) the instalment is payable to the person under section 63;
(ii) the instalment is paid under section 84 in the income year by the Secretary to the person.
(3) If the Secretary has made one or more deductions under any of sections 67 to 69B from an instalment referred to in paragraph (2)(b), the instalment is taken, for the purposes of that paragraph, to be increased by the sum of those deductions.
(4) The SG charge percentage for an income year means the charge percentage for the year, worked out using the table in subsection 19(2) of the Superannuation Guarantee (Administration) Act 1992 .
(5) The nominal interest rate amount for a person for an income year is the amount for the person referred to in paragraph (1)(a) multiplied by the amount worked out in accordance with the method prescribed by the PPL rules.
(6) For the purposes of paragraph (2)(a), disregard any amount of a PPL funding amount that is a debt due to the Commonwealth under subsection 168(2).