Transport Superannuation Act 1988

The Board may determine the contributions to be paid into the Fund by a transport authority in respect of each of its employees.

Subsection (1) does not apply in respect of a member who has ceased making contributions because of section 28(7).

Contributions under subsection (1) may be calculated—

as a percentage of salary; or

as a multiple of an employee's contribution; or

as a proportion of the benefit payable; or

as a fixed amount; or

by any combination of the methods specified in paragraphs (a), (b), (c) and (d).

The Board may make separate determinations for any particular transport authority.

If a transport authority does not within 14 days after an amount has become payable pay the whole of that amount to the Board, the transport authority must pay interest at the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983 on the amount remaining unpaid from the date on which it becomes payable until the date on which it is paid to the Board.

In this section, transport authority means—

a transport authority within the meaning of the definition of transport authority in section 3(1); and

any other person, authority or body declared by the Minister by notice published in the Government Gazette to be a transport authority in respect of an employee, pensioner or beneficiary.

The Minister may by notice published in the Government Gazette declare a class or classes of transport authority for the purposes of subsection (5).