Victorian Current Acts Victorian Current Acts(1) For the purpose of calculating contributions and benefits under any statutory superannuation scheme in respect of a contract officer the officer's salary for the purpose of that scheme must be taken to be the amount from time to time specified for that purpose in the contract of employment.
S. 12(2) amended by No. 97/1993 s. 46(1)(c), substituted by No. 102/1995 s. 31.
(2) Subject to subsection (3), the amount specified in the contract must be equal to 70 percent of the officer's remuneration package.
(3) If the amount of the officer's salary for the purposes of that scheme immediately before entering into the contract was more than the amount equivalent to 70 percent of the officer's remuneration package under that contract, the officer must elect in writing which of those amounts is to be the officer's salary for the purpose of that scheme under the contract.
(4) The employer of a contract officer must give notice in writing to the administrator of that scheme of the officer's salary for the purposes of that scheme.