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SUPERANNUATION LEGISLATION AMENDMENT ACT 1992 No. 187, 1992 - SECT 69
Continuing contributions
69. Section 3C of the Principal Act is amended by inserting after subsection
(2) the following subsection:
"(2A) Subject to this section, where a fund employee who is employed on a
full-time basis is on leave without pay during the whole or part of a pay
period of the employee, the continuing contribution in respect of the employee
for the pay period is:
(a) if the employee is on leave without pay during the whole of the pay
period - nil; or
(b) if the employee is on leave without pay for part only of the pay
period - the amount worked out using the formula:
Actual salary X Full-time continuing contribution
Full-time salary where:
'Actual salary' means the salary payable to the employee for the pay period;
'Full-time salary' means the salary that would have been payable to the
employee for the period if he or she had not been on leave without pay:
'Full-time continuing contribution' means the amount that would be the
continuing contribution in respect of the employee for the pay period if he or
she had not been on leave without pay.".
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