Payments to cover superannuation contributions surcharge
52A Payments to cover superannuation contributions surcharge
A contributor may at any time lodge with STC an election to pay amounts to the Fund in respect of the superannuation contributions surcharge payable in respect of the contributor.
Payments may be made on a periodic or a single payment basis.
An election is to specify the amounts to be paid and the manner in which the payments are to be made.
A contributor may, at any time, lodge with STC an election to vary or revoke an election under this section.
An election under this section is to be in a form approved by STC for the purposes of this section.
An election under this section remains in force until a subsequent election under this section takes effect.
This Act’s bill:Explanatory memorandum
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