14Superannuation

14 Superannuation

Commonwealth Superannuation Scheme (1) For an office holder who is a member of the CSS: (a) the office holder’s annual rate of salary for the purposes of the CSS is the office holder’s superannuation salary; and (b) for the purposes of paragraph (a) of the definition of employer superannuation contribution in section 7, the value attributed to the employer superannuation contribution for the office holder is an amount equal to 15.4% of the office holder’s superannuation salary.

Note: For the superannuation salary for an office holder who is a member of the CSS, see section 15.

Public Sector Superannuation Scheme (2) For an office holder who is a member of the PSS: (a) the office holder’s basic salary for the purposes of the PSS is the office holder’s superannuation salary; and (b) the amount of the office holder’s recognised allowances for the purposes of the PSS is nil; and (c) for the purposes of paragraph (a) of the definition of employer superannuation contribution in section 7, the value attributed to the employer superannuation contribution for the office holder is an amount equal to 15.4% of the office holder’s superannuation salary.

Note: For the superannuation salary for an office holder who is a member of the PSS, see section 15.

Defence Force Retirement and Death Benefits (3) For an office holder who is a member of the DFRDB: (a) the office holder’s annual rate of salary for the purposes of the DFRDB is the office holder’s superannuation salary; and (b) for the purposes of paragraph (a) of the definition of employer superannuation contribution in section 7, the value attributed to the employer superannuation contribution for the office holder is an amount equal to 15.4% of the office holder’s superannuation salary.

Note: For the superannuation salary for an office holder who is a member of the DFRDB, see section 15.

Military Superannuation and Benefits Scheme (4) For an office holder who is a member of the MSBS: (a) the office holder’s annual rate of salary for the purposes of the MSBS is the office holder’s superannuation salary; and (b) for the purposes of paragraph (a) of the definition of employer superannuation contribution in section 7, the value attributed to the employer superannuation contribution for the office holder is an amount equal to 15.4% of the office holder’s superannuation salary.

Note: For the superannuation salary for an office holder who is a member of the MSBS, see section 15.

Public Sector Superannuation Accumulation Plan (5) For an office holder who is a member of PSSAP, the office holder’s superannuation salary for the purposes of the Superannuation (PSSAP) Trust Deed is the office holder’s ordinary time earnings (within the meaning of the Superannuation Guarantee (Administration) Act 1992). Other superannuation funds (6) For an office holder who is a member of any other superannuation fund, the employer superannuation contribution is the minimum contribution that would, under section 23 of the Superannuation Guarantee (Administration) Act 1992, reduce the charge percentage for that office holder to nil. No cash in lieu (7) The value attributed to the employer superannuation contribution under this section is referable to a non‑salary component of total remuneration and may not be the subject of an election to take an equivalent amount of salary instead.