27AApplication of Family Law provisions to pensioners

27A Application of Family Law provisions to pensioners

(1) The Superannuation Act 1958 as in force immediately before its repeal continues to apply in respect of a person who became entitled to receive a pension under that Act subject to this section.

(2) For the purposes of this section—

(a) the provisions of Part 7A, with such modifications as are necessary to make those provisions consistent with the Superannuation Act 1958 as in force immediately before its repeal, are deemed to form part of the Superannuation Act 1958; and

(b) the Superannuation Act 1958 as in force immediately before its repeal is to be read and construed subject to—

(i) the provisions referred to in paragraph (a); and

(ii) any relevant specified standards made under section 92A(1)(ca) or 92A(1)(cb).

Part 6—Revised scheme members

Division 1—Contributions

28 Contribution rates

S. 28(1) substituted by No. 40/2004 s. 32.

(1) A revised scheme member must make contributions to the Fund determined in accordance with the following Table:

• TABLE OF CONTRIBUTIONS
• Age last birthday Contributions as a percentage of salary
• 15 years to 29 years 8⋅0%
• 30 years to 39 years 8⋅5%
• 40 years to 49 years 9⋅0%
• 50 years or older 9⋅5%

S. 28(1A) inserted by No. 40/2004 s. 32.

(1A) An eligible salary sacrifice contributor may by notice in writing to the employing authority elect to make his or her member contributions by way of salary sacrifice at the rate calculated to the nearest highest 0⋅1% in accordance with the following formula—

"M" is the applicable member contribution rate in accordance with subsection (1) without salary sacrifice;

"R" is the tax rate for the financial year on taxable contributions to the Fund under the Commonwealth Income Tax Assessment Act 1936.

S. 28(1B) inserted by No. 40/2004 s. 32.

(1B) An election under subsection (1A)—

(a) can only be made if there is in force an agreement between the employing authority and the member under which the employing authority can make the member contributions required by this Act by way of salary sacrifice;

(d) can not be made in respect of any contributions made by a member in addition to the member contributions required under subsection (1).