24Superannuation

24 Superannuation

Commonwealth Superannuation Scheme (1) For a Part 3 office holder who is a member of the CSS: (a) the office holder’s annual rate of salary for the purposes of the CSS is the office holder’s superannuation salary; and (b) for the purposes of paragraph (a) of the definition of employer superannuation contribution in section 7, the value attributed to the employer superannuation contribution for the office holder is an amount equal to 15.4% of the office holder’s superannuation salary.

Note: For the definition of superannuation salary for a Part 3 office holder who is a member of the CSS, see section 25.

Public Sector Superannuation Scheme (2) For a Part 3 office holder who is a member of the PSS: (a) the office holder’s basic salary for the purposes of the PSS is the office holder’s superannuation salary; and (b) the amount of the office holder’s recognised allowances for the purposes of the PSS is nil; and (c) for the purposes of paragraph (a) of the definition of employer superannuation contribution in section 7, the value attributed to the employer superannuation contribution for the office holder is an amount equal to 15.4% of the office holder’s superannuation salary.

Note: For the definition of superannuation salary for a Part 3 office holder who is a member of the PSS, see section 25.

Defence Force Retirement and Death Benefits (3) For a Part 3 office holder who is a member of the DFRDB: (a) the office holder’s annual rate of salary for the purposes of the DFRDB is the office holder’s superannuation salary; and (b) for the purposes of paragraph (a) of the definition of employer superannuation contribution in section 7, the value attributed to the employer superannuation contribution for the office holder is an amount equal to 15.4% of the office holder’s superannuation salary.

Note: For the definition of superannuation salary for a Part 3 office holder who is a member of the DFRDB, see section 25.

Military Superannuation and Benefits Scheme (4) For a Part 3 office holder who is a member of the MSBS: (a) the office holder’s annual rate of salary for the purposes of the MSBS is the office holder’s superannuation salary; and (b) for the purposes of paragraph (a) of the definition of employer superannuation contribution in section 7, the value attributed to the employer superannuation contribution for the office holder is an amount equal to 15.4% of the office holder’s superannuation salary.

Note: For the definition of superannuation salary for a Part 3 office holder who is a member of the MSBS, see section 25.

Public Sector Superannuation Accumulation Plan (5) For a Part 3 office holder who is a member of PSSAP, the office holder’s superannuation salary for the purposes of the Superannuation (PSSAP) Trust Deed is the office holder’s ordinary time earnings (within the meaning of the Superannuation Guarantee (Administration) Act 1992). Other superannuation funds (6) For a Part 3 office holder who is a member of any other superannuation fund, the employer superannuation contribution is the minimum contribution that would, under section 23 of the Superannuation Guarantee (Administration) Act 1992, reduce the charge percentage for that office holder to nil.