Employer contributions, when to be made and amount of
29 Employer contributions, when to be made and amount of
A Division 2 Employer is to contribute to the Fund for a Gold State Super Member —
if the Member works for the Employer — for each contribution period during the Member’s contributory membership period; or
if the Member is seconded to the Employer from another Employer — for each contribution period during the secondment; or
if the Member is seconded from the Employer to a person who is not an Employer — for each contribution period during the secondment.
A Division 1 Employer is to contribute to the Fund for a Gold State Super Member who works for the Employer and is seconded to a person who is not an Employer, for each contribution period during the secondment.
The amount of each contribution under this regulation is equal to E in the formula —
where —
T is 2.4 or such other rate as is determined by the Treasurer with the advice of an actuary; and
M is the Member’s member contribution rate; and
R is the Member’s superannuation salary in respect of the contribution period.
A determination under subregulation (3) of a different rate for T —
is to be given to the Board; and
may specify different rates for different Employers.
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