South Australian Numbered Regulations South Australian Numbered Regulations3—Amendment of regulation 18—Prescribed rate of contributions (section 20 of Act)
(1) Regulation 18(1)—delete "subregulation (2)" and substitute:
subregulations (2) and (3)
(2) Regulation 18—after subregulation (2) insert:
(3) Subregulation (1) does not apply to a member who is making salary sacrifice contributions at a rate of at least 5.3% of salary.
(4) If subregulation (1) ceases to apply to a member, the member will be taken to have made an election under section 20(1)(a) of the Act to make contributions to the Treasurer at the rate at which the member was contributing immediately before that cessation (and, accordingly, regulation 17 will apply as if such an election had been made).