10JDefinitions

10J Definitions

10J Definitions

(1) In this Part, except in so far as the context or subject-matter otherwise indicates or requires—

half-year means a period of 6 months—

(a) commencing on and including 1 January and ending on and including 30 June, or

(b) commencing on and including 1 July and ending on and including 31 December.

relevant period, in relation to an employee, means the half-year in which the employee’s birthday does not fall.

(2) In this Part, a reference—

(a) to the number of units of pension for which the annual cost is equal to a particular amount includes a reference to the largest number of units of pension for which the annual cost is less than that amount, and

(b) to the annual cost to a person for a unit of pension—

(i) where the contributions in respect of the unit are required to be made by the person in accordance with the tables of contributions fixed by or under this Act—is a reference to an amount equal to 13 of those contributions or, after the commencement of Schedule 9 to the Superannuation (Amendment) Act 1983, 26 of those contributions, or

(ii) where contributions in respect of the unit are required to be made by the person by instalments under section 10AH—is a reference to an amount equal to 13 of those instalments or, after the commencement of Schedule 9 to the Superannuation (Amendment) Act 1983, 26 of those instalments.

s 10J: Ins 1976 No 101, Sch 3 (3). Am 1985 No 46, Sch 4 (1).