21Commencement and cessation of contributions

21 Commencement and cessation of contributions

(1)  The contributions of a permanent employee are to commence on the day on which he or she is appointed to the office or position by virtue of which he or she is an employee.

(2)  The contributions of a person who has elected under section 30 of the Act to contribute to the contributory scheme commence on the commencement of the first full pay period occurring after the election under that regulation is received by the Commission.

(3)  Except as provided in subregulation (4) , contributions cease to be payable on the day on which –

(a) a contributor ceases to be an employee; or

(b) a contributor ceases permanent employment and immediately commences work as a casual employee or work that is casual in nature; or

(c) a contributor ceases temporary employment or employment which is temporary in nature and immediately commences work as a casual employee or work that is casual in nature; or

(d) a contributor attains the age of 70 years; or

(e) [Regulation 21 Subregulation (3) amended by S.R. 2022, No. 11, Applied:31 Mar 2022] a contributor who, having regard to his or her age and level of employment, would not in similar circumstances be permitted under the SIS Act to contribute to a regulated superannuation fund.

(4)  A person who has attained the age of 65 years and who remains an employee may, by notice in writing to the Commission, elect not to continue to contribute to the contributory scheme.

(5)  For the purposes of subregulation (4) , contributions cease to be payable on the commencement of the first full pay period after the election is received by the Commission.

(6)  Subject to regulation 41 , if contributions cease to be payable by a contributor as mentioned in subregulation (3)(b) or (c)  –

(a) the contributor is entitled to an amount equal to a lump sum benefit calculated under , or , as may be applicable; and