Prescribed amount of yearly contributions—Act, s 220

Current

(1)

For section 220(2)(b) of the Act, the amount prescribed for a year is equal to—

(a)

for a permanent employee of the Brisbane City Council who is under 75 years—14% of the employee’s salary for the year; or

(b)

for another permanent employee of a local government or a permanent employee of a local government entity—the charge percentage of the employee’s salary for the year.

(2)

In this section—

charge percentage means the charge percentage under the Superannuation Guarantee (Administration) Act 1992 (Cwlth), section 17A(2), divided by 100.

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302 Prescribed amount of yearly contributions—Act, s 220