20APayments to cover superannuation contributions surcharge

20A Payments to cover superannuation contributions surcharge

20A Payments to cover superannuation contributions surcharge

(1) A contributor may at any time lodge with STC a written election to pay amounts to the Fund in respect of the superannuation contributions surcharge payable in respect of the contributor.

(2) Payments may be made on a periodic or a single payment basis.

(3) An election is to specify the amounts to be paid and the manner in which the payments are to be made.

(4) A contributor may, at any time, lodge with STC an election to vary or revoke an election under this section.

(5) An election under this section is to be in a form approved by STC for the purposes of this section.

(6) An election under this section remains in force until a subsequent election takes effect.

s 20A: Ins 1986 No 129, Sch 1. Rep 1987 No 220, Sch 4 (7). Ins 1997 No 149, Sch 1.3 [13].