Varying individual contribution rate determination following certain social security decisions
317 Varying individual contribution rate determination following certain social security decisions
This section applies if:
an individual contribution rate determination is in force for an individual; and
a decision under the social security law (within the meaning of the Social Security Act 1991) has been made; and
any requirements prescribed by the rules are met.
The System Governor must, within the period prescribed by the rules, vary the determination if the determination is no longer correct because of the decision.
Effect of decision
Subject to subsection (5), the variation takes effect:
if the variation results in an increase to the individual contribution rate—at the start of the day after the end of the quarter in which it is made; or
if the variation results in a decrease to the individual contribution rate—at the start of the day on which it is made.
The rules may prescribe that, in specified circumstances, the variation takes effect on a specified day (which must not be earlier than the day the decision mentioned in paragraph (1)(b) was made).
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