18Superannuation for employees

### 18 Superannuation for employees > [*\[Section 18 Substituted by No. 19 of 1999, Sched. 1, Applied:15 May 1999\]*](/view/html/inforce/1999-05-15/act-1999-019#JS1@Ja1@GC1@EN) > > > (1)  [*\[Section 18 Subsection (1) substituted by No. 54 of 2016, s. 23, Applied:31 Mar 2017\]*](/view/html/inforce/2017-03-31/act-2016-054#GS23@Hpa@EN) An employee of a company is an employee for the purposes of the [Public Sector Superannuation Reform Act 2016](/view/html/inforce/2026-04-12/act-2016-011) . > > > (2)  [*\[Section 18 Subsection (2) substituted by No. 54 of 2016, s. 23, Applied:31 Mar 2017\]*](/view/html/inforce/2017-03-31/act-2016-054#GS23@Hpa@EN) A superannuation contribution made in respect of an employee appointed or employed on or after 15 May 1999 is not to be in excess of the rate specified in [section 21(3) of the](/view/html/inforce/2026-04-12/act-2016-011#GS21@Gs3@EN) [Public Sector Superannuation Reform Act 2016](/view/html/inforce/2026-04-12/act-2016-011) . > > > (3)  A company must not establish a superannuation scheme after the commencement day specified in the [Public Sector Superannuation Reform Act 1999](/view/html/inforce/2026-04-12/act-1999-999) . > > > (4)  [*\[Section 18 Subsection (4) amended by No. 54 of 2016, s. 23, Applied:31 Mar 2017\]*](/view/html/inforce/2017-03-31/act-2016-054#GS23@Hpb@EN) A company must comply with any instruction relating to superannuation given to it by the Minister responsible for the administration of the [Public Sector Superannuation Reform Act 2016](/view/html/inforce/2026-04-12/act-2016-011) .