New South Wales Consolidated Acts

SUPERANNUATION ACT 1916 - SECT 104

104 Definitions

(1) In this Part:
"conversion ratio", in relation to a foreign currency, means:

(a) in the case of sterling-the ratio of 1 pound sterling to 2 Australian dollars, or

(b) in the case of Japanese currency-the ratio of 400 Japanese yen to 1 Australian dollar.

"foreign contributor" means a contributor who:

(a) was recruited in a country other than Australia and is employed in such a country, and

(b) is paid a salary at a rate expressed in a currency other than Australian currency.

"foreign currency" in relation to a foreign contributor means the currency in which the foreign contributor’s rate of salary is expressed.

(2) A reference in this Part:

(a) to a foreign contributor shall be construed as including a reference to a former foreign contributor, and

(b) to an employer of a foreign contributor shall be construed as including a reference to the person who was the employer of the former foreign contributor.