15NCouncil’s liability for contributors not referred to in sec 15O

15N Council’s liability for contributors not referred to in sec 15O

15N Council’s liability for contributors not referred to in sec 15O

(1) In respect of every permanent servant of a council who becomes a contributor in any superannuation year otherwise than on the first day of that year, that council shall be liable to pay to the board an amount equal to eight and three-quarters per centum of the salary that would, if he were to continue to receive salary at the rate payable to him by that council at the time he becomes a contributor, be payable to him in respect of the period commencing on the day on which he becomes a contributor and ending on the last day of the superannuation year in which that day occurs or if, during that superannuation year, he would attain the age of sixty-five years, in respect of the period commencing on the day on which he becomes a contributor and ending on the day on which he would attain that age.

(2) Where any amount has been paid or is payable under Part 2 or 3 in respect of a superannuation year by the council in respect of a person referred to in subsection (1), an amount that bears to the amount so paid or payable the same proportion as the number of complete months remaining in that superannuation year after that person became a contributor bears to twelve shall be credited to the council.

(3) Where the amount credited to the council under subsection (2) is greater than the amount of the council’s liability under subsection (1) in respect of the servant, the surplus shall be refunded by the board to the council.

(4) Any amount credited to the council under subsection (2), reduced by any amount refunded to it under subsection (3), shall, for the purposes of section 15R, be deemed to have been paid by the council in respect of the permanent servant concerned.

(5) (Repealed)

(6) This section has effect subject to section 15OA.

s 15N: Ins 1968 No 6, sec 2 (d). Am 1977 No 46, Sch 3 (5).