Victorian Consolidated Legislation

Emergency Services Superannuation Act 1986 - SECT 20Q

Separate employer accounts

20Q. Separate employer accounts



(1) The employer of each contributor must pay to the Board contributions equal
to-

   (a)  the percentages of amounts paid to contributors by way of salary; or

   (b)  the multiples of contributions payable by contributors; or

   (c)  the proportions of benefits paid in respect of former contributors
        that are for the time being fixed for the employer by the Board; or

   (d)  an appropriate amount in Australian dollars fixed for the employer by
        the Board; or

   (e)  any other amount being a combination of these types of contribution
        fixed for the employer by the Board.

(1A) Subsection (1) does not apply in respect of a contributor who has ceased
making contributions because of section 20B(1).

(2) For the purposes of this section, the Board may make collective
determinations for any group of employers who consent to be regarded as
related employers.

(3) The Board must establish and maintain a separate group account under
section 17B for each employer or for each group of employers for which a
collective determination is made under subsection (2).

(4) The Board must establish and maintain a separate group account under
section 17B for each employer for which a collective determination has not
been made under subsection (2).

(5) The Board must fix the contributions calculated in accordance with
subsection (1) for the purposes of this section after considering the advice
of the actuary as at the commencement of each financial year and must give to
each employer notice in writing of any such contributions so fixed not less
than 6 months before it is to have effect.

(6) The first percentages, multiples and proportions fixed under this section
must be fixed as soon as possible after 1 January 1987 and have effect from
that date.