Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsNote: A number of expressions used in this instrument are defined in the Act or for Part VA of the Act, including the following:
(a) allowance by way of salary;
(b) deferring member;
(c) parliamentary allowance;
(d) SIS Regulations;
(e) Trust.
In this instrument:
"Act" means the Parliamentary Contributory Superannuation Act 1948 .
"assessable income" has the same meaning as in the Income Tax Assessment Act 1997 .
"covered parliamentary allowance" means parliamentary allowance covered by paragraph (e) of the definition of parliamentary allowance in subsection 4(1) of the Act.
"exempt income" has the same meaning as in the Income Tax Assessment Act 1997 .
"fortnightly amount of the allowance by way of salary" means the amount worked out in accordance with section 4B.
"fortnightly amount of the parliamentary allowance" means the amount worked out in accordance with section 4A.
"transitional fortnight" means the fortnight beginning on 4 July 2024, including the period that is taken to be included in that fortnight because of subitem 38(2) of Schedule 4 to the Parliamentary Business Resources Legislation Amendment (Review Implementation and Other Measures) Act 2024 .
Note: The period beginning on 1 July 2024 and ending on 3 July 2024 is taken to be included in the transitional fortnight.