Government Business Enterprises (Sale) Act 2003
28Superannuation for employees
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28 Superannuation for employees
(1) [Section 28 Subsection (1) substituted by No. 54 of 2016, s. 28, Applied:31 Mar 2017] A company must not make to a superannuation scheme a contribution in respect of an employee (excluding a transferred employee) that is in excess of the rate specified in section 21(3) of the Public Sector Superannuation Reform Act 2016 .
(2) [Section 28 Subsection (2) substituted by No. 54 of 2016, s. 28, Applied:31 Mar 2017] A company is to comply with any instruction in relation to superannuation given to it by the Minister administering the Public Sector Superannuation Reform Act 2016 .
(3) [Section 28 Subsection (3) omitted by No. 54 of 2016, s. 28, Applied:31 Mar 2017] . . . . . . . .
(4) [Section 28 Subsection (4) omitted by No. 54 of 2016, s. 28, Applied:31 Mar 2017] . . . . . . . .
(5) A company must not establish a superannuation scheme.