15
CurrentAgreement on salary or superannuable salary for purposes of employer contributions
Part 2Compulsory contributions by employers and employees
Division 4Agreement on salary or superannuable salary for purposes of employer contributions
15 Agreement on salary or superannuable salary for purposes of employer contributions
(1)
A unit of the State public sector and an employee of the unit may agree on a salary or superannuable salary for the employee, for the purposes of calculating the employer contributions payable by the unit, that would result in the total of employer contributions payable by the unit for the financial year being equal to the concessional contributions cap.
(2)
The agreement must—
(a)
be in writing; and
(b)
apply for a particular financial year.
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