Document ID: chunk:federal_register_of_legislation:C2024C00500:section:19
Version: federal_register_of_legislation:C2024C00500
Segment Type: section
Provision Reference: s 19
Character Range: 76110–77215

19  Surchargeable contributions
 (1) For the purposes of the Superannuation Contributions Tax (Assessment and Collection) Act 1997, the surchargeable contributions for a financial year of a Judge is the amount worked out by using the formula:

where:
annual salary means the amount that is the Judge's salary for the financial year.
notional surchargeable contributions factor means the notional surchargeable contributions factor applying to the Judge for that financial year under the regulations.
 (2) The regulations may prescribe the notional surchargeable contributions factors that are to apply to a Judge when working out, for the purposes of the Superannuation Contributions Tax (Assessment and Collection) Act 1997, the Judge's surchargeable contributions.
 (2A) For the purposes of the Superannuation Contributions Tax (Assessment and Collection) Act 1997, there are no surchargeable contributions for a Judge for a financial year that ends after 1 July 2005.
 (3) Subsection (1) has effect despite any provision of the Superannuation Contributions Tax (Assessment and Collection) Act 1997.