3Interpretation

3 Interpretation

(1)  In these regulations, unless the contrary intention appears –

accumulated leave scheme means a plan or arrangement that allows a participating employee, by accepting a reduction in salary for a certain period, to be granted leave during which he or she will be paid salary at the same reduced rate, and includes –

(a) the State Service accumulated leave scheme; and

(b) any other accumulated leave scheme approved by a Head of Agency;

Act means the Public Sector Superannuation Reform Act 2016 ;

assessable income has the same meaning as in the Income Tax Assessment Act 1997 of the Commonwealth;

assessment notice means a notice issued by the Taxation Commissioner requiring the payment of an amount of surcharge contributions tax, including interest on that payment, in respect of any person, and includes –

(a) a notice that has been issued in respect of superannuation contributions transferred to the Commission under these regulations; and

(b) an amendment to that notice issued by the Taxation Commissioner;

AWOTE means the original estimates series of average weekly ordinary time earnings of full-time adult employees in Australia published by the Australian Statistician under the Census and Statistics Act 1905 of the Commonwealth;

basic contribution rate means –

(a) in respect of a contributor to whom regulation 19(1)(b) or (d) refers, a rate of contribution equal to 5% of salary; or

(b) in respect of an existing contributor, a contribution rate equal to 5% of salary or, if he or she is making contributions at the rate of 2.5% of salary, that rate;