Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT 1991 No. 130, 1991 - SECT 83

83. After section 4E of the Principal Act the following section is inserted:
Payments of equivalent benefit to Board

"4EA. Where an interim arrangement employee becomes a scheme employee, his or
her designated employer must pay to the Board:

   (a)  a contribution in respect of the employee equal to the amount of the
        interim benefit that would have been payable in respect of the
        employee if he or she had ceased to be a qualified employee on the day
        immediately before the day on which he or she became a scheme
        employee; and

   (b)  where that amount is not paid on the day on which he or she becomes a
        scheme employee - a contribution in respect of the employee of
        interest, fixed under section 4G in relation to the Fund, on the
        amount in respect of each day in the period commencing on the day on
        which the amount should have been paid and ending on the day
        immediately before the day when the amount is paid.".