References to salary etc.
10 References to salary etc.
For a period for which a compulsory contribution is to be made for an employee, a reference in a relevant provision to the employee’s salary, superannuable salary or qualifying earnings is a reference to the salary, superannuable salary or qualifying earnings paid to the employee for the period.
Example—
For an employee mentioned in schedule 1, part 1, item 2—
the required frequency for the employee is within 1 week after the end of a pay period in which the salary of the employee is paid to the employee; and
the rate at which the employee’s employer must pay a contribution is 12.75% of the employee’s salary for the pay period.
In this section—
relevant provision means—
schedule 1, part 1 or 2, column 2 or 3; or
schedule 2, definition required frequency.
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