Commonwealth Consolidated Regulations

SUPERANNUATION BENEFIT (INTERIM ARRANGEMENT) (ANNUAL RATE OF CONTRIBUTION) REGULATIONS - REG 4

(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.