Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to subsection 3(3) and sections 51, 51A and 54, an eligible employee shall pay fortnightly basic contributions.
Note: The amount of fortnightly basic contributions payable might be nil (see subsection 46(2)).
(2) Subject to subsection (3), the first fortnightly basic contribution of an eligible employee is payable:
(a) in the case of an eligible employee who, immediately before the commencing day, was an employee for the purposes of the superseded Act--on the contribution day next following the commencing day; and
(b) in any other case--on the contribution day next following the day on which the person became an eligible employee;
and subsequent basic contributions are payable on each succeeding contribution day during the period during which the person continues to be an eligible employee.
(3) Where an eligible employee (not being an eligible employee referred to in paragraph (2)(a) who was an existing contributor) dies, or retires on the ground of invalidity, before the day on which, but for his or her death or retirement, his or her first fortnightly basic contribution would have been payable, that contribution shall be deemed to have become payable by him or her on the day on which he or she became an eligible employee.