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SUPERANNUATION (PRODUCTIVITY BENEFIT) ACT 1988 - SECT 3C

Continuing contributions

  (1)   Subject to this section, where a fund employee is employed on a full - time basis, the continuing contribution in respect of the employee for a pay period of the employee is:

  (a)   where the period is a week--the amount ascertained in accordance with the Table in the Schedule; or

  (b)   where the period is a fortnight--the amount ascertained in accordance with that Table as if the sums of money specified in it were multiplied by 2; or

  (c)   where the period is half a month--the amount ascertained in accordance with that Table as if those sums were multiplied by 2   1 / 6 ; or

  (d)   where the period is 4 weeks--the amount ascertained in accordance with that Table as if those sums were multiplied by 4; or

  (e)   where the period is a month--the amount ascertained in accordance with that Table as if those sums were multiplied by 4   1 / 3 .

  (2)   Subject to this section, where a fund employee is employed on a part - time basis, the continuing contribution in respect of the employee for a pay period of the employee is the amount calculated using whichever of the following formulas the employee's designated employer considers to be convenient:

   

   

where:

"Actual salary" means the salary payable to the employee for the pay period.

"Full-time salary" means the salary that would have been payable to the employee for the period if he or she performed his or her duties on a full - time basis.

"Full-time continuing contribution" means the amount that would be the continuing contribution in respect of the employee for the pay period if he or she performed his or her duties on a full - time basis.

"Part-time hours" means the number of hours in the pay period for which the employee is paid.

"Full-time hours" means the number of hours that the employee would work in the pay period if he or she performed his or her duties on a full - time basis.

  (2A)   Subject to this section, where a fund employee who is employed on a full - time basis is on leave without pay during the whole or part of a pay period of the employee, the continuing contribution in respect of the employee for the pay period is:

  (a)   if the employee is on leave without pay during the whole of the pay period--nil; or

  (b)   if the employee is on leave without pay for part only of the pay period--the amount worked out using the formula:

   

    where:

    Actual salary means the salary payable to the employee for the pay period.

    Full - time salary means the salary that would have been payable to the employee for the period if he or she had not been on leave without pay.

    Full - time continuing contribution means the amount that would be the continuing contribution in respect of the employee for the pay period if he or she had not been on leave without pay.

  (3)   Where the Minister makes a declaration under section   3D in relation to a period, the Table set out in the Schedule has effect in relation to that period as if it had been varied in accordance with the declaration.

  (4)   Where an amount that, but for this subsection, would be a continuing contribution for a fund employee for a pay period includes a part of a cent, then:

  (a)   where the part is .5 of a cent or more--that part shall be taken to be 1 cent; and

  (b)   in any other case--the part shall be disregarded.



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