Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SUPERANNUATION ACT 1976 No. 31, 1976 - SECT 5

Annual rate of salary.
5. (1) In this section, ''salary'' means salary or wages, and includes-

   (a)  any allowance, or the value of any allowance, or any fee, that is an
        allowance or fee of a kind that, under the regulations, is to be
        treated as salary for the purposes of this Act; and

   (b)  partial invalidity pension, but does not include any part of any
        salary or wages that, under the regulations, is not to be treated as
        salary for the purposes of this Act.

(2) For the purposes of this Act but subject to sub-section (3), the annual
rate of salary of an eligible employee on a particular day is an amount equal
to the amount per annum of the salary payable to him on that day.

(3) The regulations may provide that, in a case specified in the regulations,
the annual rate of salary of an eligible employee on a particular day shall,
for the purposes of this Act or a provision of this Act specified in the
regulations, be an amount equal to such amount per annum as is ascertained
under the regulations.

(4) Where the rate of the salary, or of a part of the salary, of an eligible
employee is not an annual rate, the amount per annum of that salary, or of
that part of that salary, as the case may be, shall, for the purposes of
sub-section (2), be ascertained-

   (a)  where the rate is a weekly rate-by multiplying the weekly rate by 52;

   (b)  where the rate is a monthly rate-by multiplying the monthly rate by
        12; and

   (c)  in any other case-in such manner as is prescribed. 


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback