14
CurrentMaximum surcharge deduction amount
14 Maximum surcharge deduction amount
For the Act, section 45A(1C), the following amounts are prescribed—
(a)
for a benefit payable to a contributor or former contributor that accrued after 20 August 1996 and before 1 July 2003—15%,
(b)
for a benefit payable to a contributor or former contributor that accrued on or after 1 July 2003 and before 1 July 2004—14.5%,
(c)
for a benefit payable to a contributor or former contributor that accrued on or after 1 July 2004 and before 1 July 2005—12.5%.
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