Commonwealth Consolidated Regulations

SUPERANNUATION BENEFIT (INTERIM ARRANGEMENT) (ANNUAL RATE OF CONTRIBUTION) REGULATIONS - REG 4

  (1)   For the purposes of paragraph (b) of the definition of annual rate of contribution in subsection 3 (1) of the Act, the amount prescribed for the year commencing on 1 January 1989 is:

  (a)   if the employee's annual rate of salary is less than $20,801   -- $624;

  (b)   if the employee's annual rate of salary is $20,801 or more but less than $32,500   -- 3% of the person's annual rate of salary;

  (c)   if the employee's annual rate of salary is $32,500 or more but less than $48,751   -- $975; or

  (d)   if the employee's annual rate of salary is $48,751 or more   -- 2% of the person's annual rate of salary.

  (2)   For the purposes of paragraph (b) of the definition of annual rate of contribution in subsection 3 (1) of the Act, the amount prescribed for the year commencing on 1 January 1990 is:

  (a)   if the employee's annual rate of salary is less than $22,013   -- $660; or

  (b)   if the employee's annual rate of salary is $22,013 or more but less than $33,800   -- 3% of the employee's annual rate of salary; or

  (c)   if the employee's annual rate of salary is $33,800 or more but less than $50,700   -- $1,015; or

  (d)   if the employee's annual rate of salary is $50,700 or more   -- 2% of the employee's annual rate of salary.

Notes to the Superannuation Benefit (Interim Arrangement) (Annual Rate of Contribution) Regulations

Note 1

The Superannuation Benefit (Interim Arrangement) (Annual Rate of Contribution) Regulations (in force under the Superannuation (Productivity Benefit) Act 1988 ) as shown in this compilation comprise Statutory Rules 1988 No.   351 amended as indicated in the Tables below.

Table of Statutory Rules

Table of Amendments