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1994 No. 18 SUPERANNUATION (SALARY) REGULATIONS (AMENDMENT) - REG 3
3. New regulation 23
3.1 After regulation 22, insert: Performance pay, bonuses and commissions
"23. (1) Subject to subregulation (2), an amount of remuneration paid or
payable to an eligible employee that is:
(a) performance pay; or
(b) a bonus; or
(c) a commission; is not to be treated as salary for the purposes of the
Act.
"(2) This regulation does not apply to:
(a) remuneration of a kind referred to in paragraph 5 (b) or (c) or
regulation 22; or
(b) an increment to the salary of an eligible employee that is paid only
on condition of a satisfactory performance appraisal.".
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