AustLII Tasmanian Numbered Regulations

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RETIREMENT BENEFITS REGULATIONS 2005 (S.R. 2005, NO. 77) - REG 63

Payment of voluntary contributions and spouse contributions into investment account

(1)  A person to whom regulation 62 applies may elect at any time, by notice in writing to the Board, to pay voluntary contributions or spouse contributions to an investment account.
(2)  A person to whom regulation 62 applies who elects to make voluntary contributions must specify in that election the amount of the voluntary contribution which may be any combination of the following:
(a) regular contributions expressed as either a percentage, in multiples of 1% of salary or a fixed dollar amount;
(b) one-off or irregular lump sum contributions;
(c) any combination of paragraphs (a) and (b) .
(3)  A person to whom regulation 62 applies who has made an election to make voluntary contributions or spouse contributions may, by notice in writing to the Board, vary that election.
(4)  The voluntary contributions or spouse contributions from a person to whom regulation 62 applies may be deducted from his or her salary and are to be paid to the Board on or within 7 days after the relevant payday.
(5)  A responsible officer must provide the Board with details for every pay period of the voluntary contributions or spouse contributions from each person in respect of whom he or she is the responsible officer.



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