Commonwealth Consolidated Regulations

SUPERANNUATION REGULATIONS - REG 12

For the purposes of section 80 of the Act, the fortnightly salary of a contributor to the Provident Account shall be ascertained:

(a)

in the case of a contributor whose salary is paid at an annual rate — by dividing that annual rate by twenty-six; or

(b)

in the case of a contributor who is paid salary at a weekly rate — by multiplying that rate by two.