Document ID: chunk:federal_register_of_legislation:C2022C00264:clause:11_186:p2
Version: federal_register_of_legislation:C2022C00264
Segment Type: clause
Provision Reference: sch 11 cl 186 (pt 2/3)
Character Range: 746995–749670

in relation to him or her in respect of each contribution day occurring before or on the anniversary of the contributor's birth next following the commencing day as if:
 (i) the reference in section 46 to 5 per centum were a reference to 3 per centum; and
 (ii) the reference in that section to 10 cents were a reference to 6 cents; and
 (b) section 46 applies in relation to the contributor in respect of each contribution day occurring after that anniversary of the contributor's birth and before or on the anniversary of the contributor's birth next following that anniversary as if:
 (i) the reference in section 46 to 5 per centum were a reference to 4 per centum; and
 (ii) the reference in that section to 10 cents were a reference to 8 cents.
 (5) Where an existing contributor referred to in subsection (4) makes an election under subsection 48(1) before the anniversary of his or her birth next following the commencing day, then, for the purpose of calculating the amount of supplementary contribution payable by him or her on a contribution day occurring before or on the anniversary of his or her birth next following that first‑mentioned anniversary:
 (a) section 49 has effect as if the reference in that section to the basic contribution payable by the contributor on a contribution day were a reference to the notional basic contribution applicable to the contributor on that day; and
 (b) if the factor specified in the election is 5 and the contributor requests in the election that this paragraph apply in relation to him or her—the election shall, for the purposes of section 49, be treated:
 (i) if the contribution day occurs before that first‑mentioned anniversary—as if the factor specified in the election were 7; and
 (ii) if the contribution day occurs on or after that first‑mentioned anniversary—as if the factor specified in the election were 6.
 (6) Where an existing contributor referred to in subsection (4) makes an election under subsection 48(1) on or after the anniversary of his or her birth next following the commencing day but before the anniversary of his or her birth next following that first‑mentioned anniversary, then, for the purpose of calculating the amount of the supplementary contribution payable by the contributor on a contribution day occurring before or on that later anniversary:
 (a) section 49 has effect as if the reference in that section to the basic contribution payable by the contributor on a contribution day were a reference to the notional basic contribution applicable to him or her on that day; and
 (b) if the factor specified in the election is 5 and the contributor requests in the election that this