Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1992 No. 208 of 1992 - SECT 88

88. Section 27 of the Principal Act is amended:

   (a)  by adding at the end of subsection (1) the following paragraph:

"(e) salary or wages prescribed for the purposes of this paragraph.";

   (b)  by omitting subsection (2) and substituting the following subsection:

"(2) If an employer pays an employee less than $450 by way of salary or wages
in a month, the salary or wages so paid are not to be taken into account for
the purpose of making a calculation, in relation to the employer and the
employee, under section 18 or 19.".