New South Wales Consolidated Acts

SUPERANNUATION ACT 1916 - SECT 12CA

12CA Continuation of certain contributions

(1) Where a contributor completes payment of the 65 instalments under section 10AH, in respect of a unit of pension, or, pursuant to section 10AE, contributions cease to be payable in respect of a unit of pension by a contributor who attains the maturity age, contributions shall, until the contributor’s next annual adjustment day or exit day (whichever first occurs), continue to be made at the rate at which the contributor was contributing for that unit.

(2) Any continued contributions made by a contributor by virtue of subsection (1) shall be credited, in such manner as STC thinks fit, to units of pension in respect of which the contributor is contributing or may, on the contributor’s next annual adjustment day or exit day, be required to contribute by instalments under section 10AH.

(3) Subsection (1) ceases to apply to a contributor if STC so approves on application made by the contributor before the contributor’s exit day.

(4) Without affecting the operation of this section, a contributor to whom this section applies shall be deemed, for the purposes of this Act, to have ceased contributing for the unit of pension referred to in subsection (1).