14DSuperannuation contributions for members

14D Superannuation contributions for members

14D Superannuation contributions for members

(1) The State of New South Wales must make, for each member, a superannuation contribution equivalent to the salary contribution percentage for the person for each financial year, or part, for which the person is a member of Parliament.

(2) A contribution is not required to be made in respect of any period before the 2007 general election.

(3) The superannuation contribution payable under this section, and any additional contributions under section 14F, are payable out of the Consolidated Fund, which, to the necessary extent, is appropriated accordingly.

(4) In this section—

salary contribution percentage for a person means—

(a) 9% of the salary, unless paragraph (b) applies, or

(b) such other greater percentage of the salary of the person as may be prescribed by the regulations for the purposes of this definition.

s 14D: Ins 2005 No 110, Sch 2 [5].