Commonwealth Consolidated Acts

SUPERANNUATION (PRODUCTIVITY BENEFIT) ACT 1988 - SECT 4F

             (1)  Subject to this section, the designated employer of a fund employee is to pay into the declared fund of which the employee is a member:

                     (a)  continuing contributions in respect of the employee in respect of each pay period occurring while the employee is a member of the fund; and

                    (aa)  in respect of the employee in respect of each quarter occurring while the employee is a member of the fund--any contribution that is required to ensure (after taking into account the total contributions paid, under paragraph (a), in respect of the employee and the quarter) that the employer does not have an individual superannuation guarantee shortfall (within the meaning of the Superannuation Guarantee (Administration) Act 1992 ) for the employee for the quarter; and

                     (b)  where a contribution under paragraph (a) or (aa) is not paid on or before the day on which it is payable under subsection (2)--a contribution in respect of the employee of interest, fixed under section 4G in relation to the fund, on the contribution in respect of each day in the period commencing on the day on which the contribution should have been paid and ending on the day immediately before the day when the amount is paid.

             (2)  A contribution under paragraph (1)(a) or (aa) in respect of a fund employee payable to a fund is payable:

                     (a)  where there are arrangements between the employer and the trustees of the fund fixing a day for payment--on that day; or

                     (b)  in any other case:

                              (i)  for a continuing contribution made under paragraph (1)(a) for a pay period--on the day on which salary for that pay period is payable; or

                             (ii)  for a contribution made under paragraph (1)(aa) for a quarter--by the end of the period of 28 days after the end of the quarter.

             (3)  A designated employer of a fund employee is not required to make a payment of continuing contributions before the first day on which salary is payable to the employee on or after 1 July 1990.