95DFortnightly amount of office holder’s salary

95D Fortnightly amount of office holder’s salary

Amount for a whole fortnight (1) Subject to subsection (2), the fortnightly amount of office holder’s salary payable to a person for a fortnight is the amount worked out in accordance with the following formula: Start formula start fraction The annual amount of office holder’s salary payable to the person times 12 over 313 end fraction end formula. Amount for part of a fortnight (2) If office holder’s salary is payable to a person for a part of a fortnight, then the fortnightly amount of office holder’s salary payable to the person for that fortnight is the amount worked out in accordance with the following formula: Start formula start fraction Full fortnightly amount times Number of included days over 14 end fraction end formula. where:

full fortnightly amount means the amount worked out in accordance with the formula in subsection (1).

number of included days means the number of days in the part of the fortnight.

Amount for the transitional fortnight (3) Subject to subsection (4), subsections (1) and (2) do not apply in relation to the transitional fortnight. (4) If office holder’s salary is payable to a person for the whole or a part of the transitional fortnight, then the fortnightly amount of office holder’s salary payable to the person for the transitional fortnight is the amount worked out in accordance with the following formula: Start formula start fraction Full fortnightly amount times Number of included days over 14 end fraction end formula. where:

full fortnightly amount means the amount worked out in accordance with the formula in subsection (1).

number of included days means:

(a) if office holder’s salary is payable to the person for the whole of the transitional fortnight—17; or
(b) if office holder’s salary is payable to the person for a part of the transitional fortnight—the number of days in the part of the fortnight.

Note: If office holder’s salary is payable to a person for a part of the transitional fortnight, the number of included days in the part of the fortnight may be over 14.