21CEmployer contributions

21C Employer contributions

(1) Subject to sections 21B(8) and 21B(9), each participating employer must contribute to the Scheme in respect of each of its employees who is a member of the Scheme so that the employer does not have an individual guarantee shortfall in relation to that member under the Commonwealth Superannuation Guarantee (Administration) Act 1992.

(2) It is the sole responsibility of a participating employer to ensure that the participating employer complies with this section.

(3) A participating employer may make contributions in respect of a member or class of members which exceed the amount specified in subsection (1).

(4) The Board may accept in respect of a member or class of members, contributions from a participating employer which exceed the amount specified in subsection (1).

(5) A participating employer must make contributions in the manner determined by the Board.

S. 21D inserted by No. 82/1996 s. 11.