4Parliamentary salaries and allowances and benefits of members of Parliament

4 Parliamentary salaries and allowances and benefits of members of Parliament

(1)  The parliamentary salaries and allowances and benefits that are to be paid to members of Parliament are payable in accordance with, and at the rates specified in or determined by reference to, the provisions of Schedules 1 and 2 .

(2)  Where, after calculating the amount of any parliamentary salary or allowances and benefits that, but for this subsection, would be payable to a member of Parliament under this Act, that amount comprises a number of cents less than 100 or a number of whole dollars and a number of cents less than 100, that number of cents is, if less than 50, to be disregarded, but if 50 or more, is to be treated as one dollar.

(3)  The superannuation entitlements for members of Parliament elected after 1 July 1999, and to whom neither the Parliamentary Superannuation Act 1973 nor the Parliamentary Retiring Benefits Act 1985 applies, are to be determined in accordance with Schedule 3 .