Paid Parental Leave Rules 2021
35Simplified outline of this Part
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35 Simplified outline of this Part
This Part provides for matters relating to the payment of PPL superannuation contributions.
Division 2 prescribes the method for working out the multiplier amount used to calculate the nominal interest rate amount that forms part of a person’s PPL superannuation contribution.
Division 3 prescribes the timeframe within which the Commissioner must determine the amount of a PPL superannuation contribution payable. It also prescribes how the Commissioner must determine where a PPL superannuation contribution is to be directed, and the timeframes for making that determination and the associated payment.
Division 3 also prescribes the information that the Commissioner must provide to the trustee or provider if a PPL superannuation contribution is paid to a complying superannuation fund or RSA.
Division 4 deals with underpayments and overpayments of PPL superannuation contributions, including how the Commissioner must determine where an underpaid amount is to be directed, and the timeframes for making that determination and the associated payment. Division 4 also prescribes the content of written notices that the Commissioner must provide when taking certain actions to recover overpaid amounts of PPL superannuation contributions.