15AVSalary basis on which servant’s contributions calculated

15AV Salary basis on which servant’s contributions calculated

15AV Salary basis on which servant’s contributions calculated

(1) Except as provided in this section, a contributor’s contributions to the Pension Fund during a superannuation year shall be based on the rate of salary being paid to him, by the employer by whom he is employed, at the preceding 31 December or at the date on which he last became a servant of that employer (whichever is the later).

(2) A contributor’s contributions to the Pension Fund during the superannuation year in which he becomes a contributor shall be based on the rate of salary being paid to him, by the employer by whom he is employed, at the date on which he becomes a contributor, at the preceding 31 December or at the date on which he last became a servant of that employer (whichever is the latest).

(3) Where a person becomes a contributor between 1 January and the next following 31 March (both inclusive), his contributions to the Pension Fund during the next superannuation year shall be based on the rate of salary being paid to him, by the employer by whom he is employed, at the date on which he becomes a contributor, at the preceding 31 December or at the date on which he last became a servant of that employer (whichever is the latest).

ss 15AR–15AY: Ins 1977 No 46, Sch 1 (4).