(1) In this Part
—
chosen fund means a fund chosen by an employee in
accordance with the SGA Act Part 3A Division 4;
default fund means —
(a) in
relation to an employee who is not an exempt employee, a fund prescribed by
the regulations as the default fund for that employee; and
(b) in
relation to an exempt employee, a fund named by the Employer of that employee,
with the approval of the Treasurer, as the default fund for that employee;
employee has the meaning given in the SGA Act
section 12;
exempt employee means an employee for whom an
Employer, in accordance with section 30(1) or (2), makes or may make
superannuation contributions to a fund that is not a scheme under this Act;
fund has the meaning given in the SGA Act section
32E;
individual superannuation guarantee shortfall has
the meaning given in the SGA Act section 19;
SGA Act means the Superannuation Guarantee
(Administration) Act 1992 (Commonwealth);
superannuation guarantee charge means the charge
imposed by the Superannuation Guarantee Charge Act 1992 (Commonwealth).
(2) For the purposes
of this Part an employee is to be regarded as an employee of the person or
body prescribed by the regulations for that employee.
[Section 4A inserted: No. 35 of 2011 s. 50.]