Commonwealth Numbered Regulations

1988 No. 350 SUPERANNUATION (SALARY) REGULATIONS (AMENDMENT) - REG 1

The Superannuation (Salary) Regulations are amendedby adding at the end the
following Regulation: Annual rate of salary of employees remunerated under
incentive schemes

"22. (1) In this regulation, 'incentive scheme' means a scheme incorporated in
a written agreement under which an eligible employee is entitled to earn part
of his or her total renumeration by way of commissions or bonuses, or both,
that become payable, in accordance with performance criteria applied
individually to a class of eligible employees in which he or she is included,
as set out in the argreement in relation to work or duties specified in the
agreement.

"(2) Where an incentive scheme is applicable to an eligible employee who is an
officer or employee of the Australian Telecommunications Commission, the
annual rate of salary for the purposes of the Act of the eligible employee on
a particular day is an amount equal to the amount per annum that would be the
annual rate of salary for the purposes of the Act of the eligible employee on
that day in accordance with agreement to which that incentive scheme relates
if:

   (a)  the incentive scheme was not applicable to the eligible employee on
        that day; and

   (b)  the eligible employee held, on that day, as such an officer or
        employee, a position having the same rank or classificatio as the rank
        or classification applicable to the eligible employee on that day om
        relation to his or her employment in accordance with the incentive
        scheme.

"(3) Subregulation (2) applies to an eligible employee to whom an incentive
scheme is applicable is applicable subject to any right or entitlement
applicable immediately before that scheme became applicable, under subsection
47(1)or the Act, in relation to the ascertainment of his or her annual rate of
salary.

"(4) In subregulation (2), 'officer' and 'employee' have the same meanings
respectively as in the Telecommunications Act 1975.".