Commonwealth Consolidated Regulations

OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS - REG 4U

         (1)   Where an ETP is paid by an employer to an employee, the amount that is counted towards the reasonable benefit limits of the employee is:

                (a)    if the employee is an associate of the employer -- the sum of:

                          (i)    100% of the pre-July 83 component of the payment; and

                         (ii)    85% of the post-June 83 component of the payment; or

               (b)    if the employee is not such an associate -- 85% of that part of the post-June 83 component of the payment worked out in accordance with the following table:

         (2)   In this regulation:

"employee" includes:

                (a)    in relation to a body corporate, a director or other officer, however described, of that body; and

               (b)    a person engaged under a contract for services.