62AInterpretation

62A Interpretation

(1) In this Division:

accumulated government body contributions, in relation to a person’s relevant period of employment, means the total of:

(a) the total amount of the productivity contributions applicable to the person in respect of the period; and
(b) notional interest on the amount worked out under paragraph (a).

government body scheme means a superannuation scheme:

(a) established by, or operating for the benefit of employees of:
(i) an authority of the Commonwealth; or
(ii) a State or an authority of a State; or
(iii) a Territory or an authority of a Territory; or
(iv) a body corporate in which the Commonwealth, or a person of the kind referred to in paragraph (i), (ii) or (iii), either individually or in combination with one or more other such persons, has a controlling interest; and
(b) that has eligible employees as members; and
(c) under which productivity contributions accrue in respect of those eligible employees.

notional accumulated SG contributions, in relation to a person’s relevant period of employment, means an amount equal to the sum of:

(a) the person’s SG minimum contributions in relation to that period as reduced by an amount specified in, or worked out in accordance with, a determination made by an actuary under subsection (5); and
(b) notional interest on the amount worked out under paragraph (a).

period of actual contributory service, in relation to a person, means the person’s period of contributory service other than any part of that period added by the operation of subsection 128(5) that is not attributable to a transfer value previously paid under Division 3 of Part IX.

productivity contribution means:

(a) in relation to a person who is a productivity employee within the meaning of Part VIA—a productivity contribution within the meaning of that Part (other than an amount taken to be a productivity contribution by virtue of the operation of paragraph 128(2)(c)); or
(b) in relation to any other person—an amount similar in kind to such a productivity contribution, whether worked out under an industrial award or otherwise.

rate of fund contribution tax means 15% or such other rate as is determined by CSC under section 110SD.

relevant period of employment, in relation to a person, means:

(a) if the whole of the person’s period of actual contributory service occurred after 30 June 1994—that period; or
(b) if part only of the person’s period of actual contributory service occurred after that date—that part of the person’s period of actual contributory service.