Pay-roll Tax Assessment Act 2002

Notional contributions are taken to have been made by an employer in respect of an employee if —

the employee is a member of an Australian superannuation fund; and

the fund is a defined benefit fund.

For each return period of the employer in which the employee accrues an entitlement to a defined superannuation benefit from the fund, a notional contribution is taken to have been made to the fund in the return period by the employer in respect of the employee.

The amount of the notional contribution is the amount that an actuary determines would be sufficient to meet the expected long‑term cost to the employer of that benefit.

The regulations may include provisions about how an actuary is to determine an amount under subsection (3).