New South Wales Repealed Acts New South Wales Repealed ActsThis legislation has been repealed.
(1) A contribution to a redundancy benefit scheme, or to a portable long service leave fund, constitutes "wages" for the purposes of section 3AA.
(2) The amount paid or payable as wages is taken, for the purposes of this Act, to be the amount of the contribution.
(3) However, the wages liable to pay-roll tax under this Act do not include the amount (if any) that the employer is entitled to recover from the scheme or fund.
(4) A contribution to a redundancy benefit scheme, or to a portable long service leave fund, does not constitute wages under this section if it is a superannuation benefit.
(5) A contribution to a redundancy benefit scheme, or to a portable long service leave fund, constitutes wages under this section even if it is an exempt benefit for the purposes of the Fringe Benefits Tax Assessment Act 1986 of the Commonwealth.
(6) In this section:
"portable long service leave fund" means a fund established to provide paid long service leave to employees in a particular industry who are employed from time to time by different employers in the industry.
"redundancy benefit scheme" means a scheme or fund that provides benefits for persons working within an industry who are made redundant, leave the industry or retire.