sec.358Existing financial hardship exemptions

### sec.358 Existing financial hardship exemptions This section applies to a permanent employee of a local government or local government entity if— the employee is not a defined benefit member; and immediately before the commencement, an exemption was in effect for the employee under former section 221. On the commencement, the permanent employee is taken to have given the local government or local government entity a notice under new section 220A(4)(b) stating the following rate— if the exemption applied to all of the employee’s contributions payable under former section 220A(2)—0%; if the exemption applied to part of the employee’s contributions payable under former section 220A(2)— the rate at which the employee was required to pay the remaining part of the employee’s contributions in accordance with the exemption; or the rate that is equivalent to the amount of the remaining part of the employee’s contributions payable in accordance with the exemption. In this section— former , for a section of this Act, means the section as in force immediately before the commencement. s 358 ins 2024 No. 27 s 103 (sec.358-ssec.1) This section applies to a permanent employee of a local government or local government entity if— the employee is not a defined benefit member; and immediately before the commencement, an exemption was in effect for the employee under former section 221. (sec.358-ssec.2) On the commencement, the permanent employee is taken to have given the local government or local government entity a notice under new section 220A(4)(b) stating the following rate— if the exemption applied to all of the employee’s contributions payable under former section 220A(2)—0%; if the exemption applied to part of the employee’s contributions payable under former section 220A(2)— the rate at which the employee was required to pay the remaining part of the employee’s contributions in accordance with the exemption; or the rate that is equivalent to the amount of the remaining part of the employee’s contributions payable in accordance with the exemption. (sec.358-ssec.3) In this section— former , for a section of this Act, means the section as in force immediately before the commencement. - (a) the employee is not a defined benefit member; and - (b) immediately before the commencement, an exemption was in effect for the employee under former section 221. - (a) if the exemption applied to all of the employee’s contributions payable under former section 220A(2)—0%; - (b) if the exemption applied to part of the employee’s contributions payable under former section 220A(2)— (i) the rate at which the employee was required to pay the remaining part of the employee’s contributions in accordance with the exemption; or (ii) the rate that is equivalent to the amount of the remaining part of the employee’s contributions payable in accordance with the exemption. - (i) the rate at which the employee was required to pay the remaining part of the employee’s contributions in accordance with the exemption; or - (ii) the rate that is equivalent to the amount of the remaining part of the employee’s contributions payable in accordance with the exemption. - (i) the rate at which the employee was required to pay the remaining part of the employee’s contributions in accordance with the exemption; or - (ii) the rate that is equivalent to the amount of the remaining part of the employee’s contributions payable in accordance with the exemption.