26
In forceSalary basis for contributions
Part 3Employee contributions and salary sacrifice contributions
26 Salary basis for contributions
Employee contributions and salary sacrifice contributions in respect of a contributor during a superannuation year shall be based on the salary paid to the contributor by his or her employer at the rate applicable as at—
(a)
31 December last preceding the commencement of the superannuation year, or
(b)
the contributor’s entry date,
whichever is the later.
This Act’s bill:Explanatory memorandum
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