sec.29Contributions by units

### sec.29 Contributions by units The Treasurer may require a unit of the State public sector to pay, for each member of the scheme employed by the unit, the amount the Treasurer decides is necessary to provide for the payment of benefits to the member under the scheme. The unit must pay the amount within 1 week after the end of each pay period for the member or, for a payment other than a periodic payment, by the time stated by the Treasurer. If the amount is not paid within the time required under subsection (2) , interest accrues on the outstanding amount at the rate prescribed by regulation. Subsection (5) applies if— the amount is paid within the time required under subsection (2) ; and the trustee can not pay the amount or a part of the amount into the member’s appropriate account because information received for the member, from the unit of the State public sector, is not accurate or complete. Interest accrues on the amount that can not be paid into the member’s appropriate account— at the rate prescribed by regulation; and for the period in which the amount can not be paid into the account. The amount mentioned in subsection (1) , and interest that accrues under subsection (3) or (5) , must be paid— if a regulation requires payment to the trustee—to the trustee; or otherwise—to the Treasurer. In this section— member’s appropriate account , in relation to an amount received for a member of the scheme, means the member’s account under the scheme into which the amount must be paid under the deed. s 29 prev s 29 amd 1999 No. 29 s 50 sch; 2008 No. 75 s 122 om 2021 No. 20 s 45 pres s 29 (prev s 28) ins 1991 No. 11 s 7 0.11 sub 1997 No. 21 s 21 amd 2000 No. 52 s 45 ; 2004 No. 42 s 30 ; 2008 No. 75 s 121 ; 2016 No. 64 s 67 ; 2021 No. 20 s 43 (1) – (5) reloc and renum 2021 No. 20 s 43 (6) (sec.29-ssec.1) The Treasurer may require a unit of the State public sector to pay, for each member of the scheme employed by the unit, the amount the Treasurer decides is necessary to provide for the payment of benefits to the member under the scheme. (sec.29-ssec.2) The unit must pay the amount within 1 week after the end of each pay period for the member or, for a payment other than a periodic payment, by the time stated by the Treasurer. (sec.29-ssec.3) If the amount is not paid within the time required under subsection (2) , interest accrues on the outstanding amount at the rate prescribed by regulation. (sec.29-ssec.4) Subsection (5) applies if— the amount is paid within the time required under subsection (2) ; and the trustee can not pay the amount or a part of the amount into the member’s appropriate account because information received for the member, from the unit of the State public sector, is not accurate or complete. (sec.29-ssec.5) Interest accrues on the amount that can not be paid into the member’s appropriate account— at the rate prescribed by regulation; and for the period in which the amount can not be paid into the account. (sec.29-ssec.6) The amount mentioned in subsection (1) , and interest that accrues under subsection (3) or (5) , must be paid— if a regulation requires payment to the trustee—to the trustee; or otherwise—to the Treasurer. (sec.29-ssec.7) In this section— member’s appropriate account , in relation to an amount received for a member of the scheme, means the member’s account under the scheme into which the amount must be paid under the deed. - (a) the amount is paid within the time required under subsection (2) ; and - (b) the trustee can not pay the amount or a part of the amount into the member’s appropriate account because information received for the member, from the unit of the State public sector, is not accurate or complete. - (a) at the rate prescribed by regulation; and - (b) for the period in which the amount can not be paid into the account. - (a) if a regulation requires payment to the trustee—to the trustee; or - (b) otherwise—to the Treasurer.