Federal Register of Legislation - Australian Government

Primary content

SR 1988 No 351 Regulations as amended, taking into account amendments up to SR 1989 No. 378
Administered by: Finance
Start Date 01 Jan 1990

SUPERANNUATION BENEFIT (INTERIM ARRANGEMENT) (ANNUAL RATE OF CONTRIBUTION) REGULATIONS



Compilation Information

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Superannuation Benefit (Interim Arrangement) (Annual Rate of Contribution) Regulations

Statutory Rules 1988 No. 351 as amended
made under the
Superannuation (Productivity Benefit) Act 1988
This compilation was prepared on 5 July 2004
taking into account amendments up to SR 1989 No. 378
Prepared by the Office of Legislative Drafting,
Attorney-General's Department, Canberra


SUPERANNUATION BENEFIT (INTERIM ARRANGEMENT) (ANNUAL RATE OF CONTRIBUTION) REGULATIONS
- REG 1
Commencement

These Regulations commence on 1 January 1989.

SUPERANNUATION BENEFIT (INTERIM ARRANGEMENT) (ANNUAL RATE OF CONTRIBUTION) REGULATIONS
- REG 2
Citation [see Note 1]

These Regulations may be cited as the Superannuation Benefit (Interim Arrangement) (Annual Rate of Contribution) Regulations.

SUPERANNUATION BENEFIT (INTERIM ARRANGEMENT) (ANNUAL RATE OF CONTRIBUTION) REGULATIONS
- REG 3
Interpretation

In these Regulations, unless the contrary intention appears:

the Act means the Superannuation Benefit (Interim Arrangement) Act 1988.

SUPERANNUATION BENEFIT (INTERIM ARRANGEMENT) (ANNUAL RATE OF CONTRIBUTION) REGULATIONS
- REG 4
Annual rate of contribution

(1)
For the purposes of paragraph (b) of the definition of annual rate of contribution in subsection 3 (1) of the Act, the amount prescribed for the year commencing on 1 January 1989 is:

(a)
if the employee's annual rate of salary is less than $20,801 — $624;

(b)
if the employee's annual rate of salary is $20,801 or more but less than $32,500 — 3% of the person's annual rate of salary;

(c)
if the employee's annual rate of salary is $32,500 or more but less than $48,751 — $975; or

(d)
if the employee's annual rate of salary is $48,751 or more — 2% of the person's annual rate of salary.

(2)
For the purposes of paragraph (b) of the definition of annual rate of contribution in subsection 3 (1) of the Act, the amount prescribed for the year commencing on 1 January 1990 is:

(a)
if the employee's annual rate of salary is less than $22,013 — $660; or

(b)
if the employee's annual rate of salary is $22,013 or more but less than $33,800 — 3% of the employee's annual rate of salary; or

(c)
if the employee's annual rate of salary is $33,800 or more but less than $50,700 — $1,015; or

(d)
if the employee's annual rate of salary is $50,700 or more — 2% of the employee's annual rate of salary.

SUPERANNUATION BENEFIT (INTERIM ARRANGEMENT) (ANNUAL RATE OF CONTRIBUTION) REGULATIONS
Notes to the Superannuation Benefit (Interim Arrangement) (Annual Rate of Contribution) Regulations

Note 1

The Superannuation Benefit (Interim Arrangement) (Annual Rate of Contribution) Regulations (in force under the Superannuation (Productivity Benefit) Act 1988) as shown in this compilation comprise Statutory Rules 1988 No. 351 amended as indicated in the Tables below.

Table of Statutory Rules

Year and
number
Date of notification
in Gazette
Date of
commencement
Application, saving or
transitional provisions
1988 No. 351
21 Dec 1988
1 Jan 1989

1989 No. 378
21 Dec 1989
1 Jan 1990

Table of Amendments

ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted
Provision affected
How affected
R. 4
am. 1989 No. 378