Electricity Companies Act 1997
18Superannuation for employees
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18 Superannuation for employees
[Section 18 Substituted by No. 19 of 1999, Sched. 1, Applied:15 May 1999]
(1) [Section 18 Subsection (1) substituted by No. 54 of 2016, s. 23, Applied:31 Mar 2017] An employee of a company is an employee for the purposes of the Public Sector Superannuation Reform Act 2016 .
(2) [Section 18 Subsection (2) substituted by No. 54 of 2016, s. 23, Applied:31 Mar 2017] 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 Public Sector Superannuation Reform Act 2016 .
(3) A company must not establish a superannuation scheme after the commencement day specified in the Public Sector Superannuation Reform Act 1999 .
(4) [Section 18 Subsection (4) amended by No. 54 of 2016, s. 23, Applied:31 Mar 2017] 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 .