Commonwealth Numbered Acts

SUPERANNUATION ACT 1976 No. 31, 1976 - SECT 185

185. (1) Where the amount of the previous contribution (including contribution
for reserve units) of an existing contributor is in excess of the amount of
the initial basic contribution of the contributor, the contributor shall,
subject to sub-section (2), pay to the Commissioner on the first
contribution day a supplementary contribution of an amount equal to the
excess, and pay to the Commissioner on each succeeding contribution day on
which the amount of the previous contribution (including contribution for
reserve units) exceeds the amount of the basic contribution required to be
made by the contributor on that succeeding contribution day an amount equal to
the amount of that excess.

(2) An existing contributor referred to in sub-section (1) may, by notice in
writing to the Commissioner, elect that, as from the contribution day next
following the date of the election, sub-section (1) shall cease to apply in
relation to him.

(3) An existing contributor referred to in sub-section (1), not being a
contributor to whom that sub-section has ceased to apply (whether by reason of
an election under sub-section (2) or otherwise), is not entitled to make an
election under section 48.

(4) In the application of sub-section 48 (1) to an existing contributor
referred to in sub-section (1) of this section, the reference in sub-section
48 (2) to a factor of 5 shall be read as a reference to such number as is
ascertained by dividing the amount of the previous contribution (including
contribution for reserve units) of the contributor by one-fifth of the amount
of the initial basic contribution of the contributor or, if the number so
ascertained is not a whole number, such number as is the next higher whole
number.