Commonwealth Consolidated Acts

RETIREMENT SAVINGS ACCOUNTS ACT 1997 - SECT 183

Application

             (1)  This section applies if:

                     (a)  an employer of an employee is authorised (whether by the employee, by force of law or otherwise) to:

                              (i)  deduct an amount from salary or wages payable by the employer to the employee; and

                             (ii)  contribute the amount to an RSA held by the employee; and

                     (b)  the employer makes such a contribution.

Prompt remittance

             (2)  The employer must contribute to the RSA the amount of the deduction before the end of the 28 day period beginning immediately after the end of the month in which the deduction was made.

Offence

             (3)  A person who intentionally or recklessly contravenes subsection (2) is guilty of an offence punishable on conviction by a fine not exceeding 100 penalty units.

Note:          Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

Definition

             (4)  In this section:

"salary or wages has the same meaning as in the Superannuation Guarantee (Administration) Act" 1992 .

Part‑time domestic workers counted

             (5)  For the purposes of this section, the Superannuation Guarantee (Administration) Act 1992 has effect as if subsection 11(2) of that Act had not been enacted.