State Authorities Superannuation (Hunter District Water Board Employees’ Provident Fund Transfer) (Savings and Transitional) Regulation 1990
7Contribution rates
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7 Contribution rates
7 Contribution rates
(1) An employee who becomes a transferred contributor may elect to contribute to the SAS Fund at a rate of contribution specified in section 19 of the Act.
(2) If such an employee has failed to make an election under subclause (1) by the transfer date, the employee is to be taken to have elected on that date to contribute at the rate at which he or she was contributing to the Provident Fund.
(3) If the rate at which the employee was contributing to the Provident Fund, as referred to in subclause (2), was a rate other than 1, 2, 3, 4, 5, 6, 7, 8 or 9 per cent, that rate is to be rounded up to the nearest percentage point.