Superannuation Benefit (Interim Arrangement) (Annual Rate of Contribution) Regulations (Cth)

Superannuation Benefit (Interim Arrangement) (Annual Rate of Contribution) Regulations

Statutory Rules 1988 No. 351 as amended

made under the

Superannuation (Productivity Benefit) Act 1988

This compilation was prepared on 5 July 2004 taking into account amendments up to SR 1989 No. 378

Prepared by the Office of Legislative Drafting, Attorney-General's Department, Canberra

Contents

1 Commencement 2 Citation [see Note 1] 3 Interpretation 4 Annual rate of contribution

Notes

1 Commencement

These Regulations commence on 1 January 1989.

2 Citation [see Note 1]

These Regulations may be cited as the Superannuation Benefit (Interim Arrangement) (Annual Rate of Contribution) Regulations.

3 Interpretation

In these Regulations, unless the contrary intention appears: the Act means the Superannuation Benefit (Interim Arrangement) Act 1988.

4 Annual rate of contribution

(1) For the purposes of paragraph (b) of the definition of annual rate of contribution in subsection 3 (1) of the Act, the amount prescribed for the year commencing on 1 January 1989 is: (a) if the employee's annual rate of salary is less than $20,801 — $624; (b) if the employee's annual rate of salary is $20,801 or more but less than $32,500 — 3% of the person's annual rate of salary; (c) if the employee's annual rate of salary is $32,500 or more but less than $48,751 — $975; or (d) if the employee's annual rate of salary is $48,751 or more — 2% of the person's annual rate of salary.

(2) For the purposes of paragraph (b) of the definition of annual rate of contribution in subsection 3 (1) of the Act, the amount prescribed for the year commencing on 1 January 1990 is: (a) if the employee's annual rate of salary is less than $22,013 — $660; or (b) if the employee's annual rate of salary is $22,013 or more but less than $33,800 — 3% of the employee's annual rate of salary; or (c) if the employee's annual rate of salary is $33,800 or more but less than $50,700 — $1,015; or (d) if the employee's annual rate of salary is $50,700 or more — 2% of the employee's annual rate of salary.