Document ID: chunk:federal_register_of_legislation:C2004A04478:body:0:p7
Version: federal_register_of_legislation:C2004A04478
Segment Type: other
Provision Reference: 
Character Range: 15666–18605

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 the Australian Government Actuary under subsection (4); 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 the Minister 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 1993—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;

but does not include any period for which the person is engaged or appointed exclusively for employment outside Australia unless that period:

    (c)     is a period during which the person is on leave of absence without pay; and

    (d)     is a period in respect of which the person is entitled to make contributions in accordance with a direction under subsection 51(1);

'SG minimum contribution' has the same meaning as in Part VIAA;

'top-up benefit' means superannuation guarantee top-up benefit payable under section 110SE.

"(2) For the purposes of paragraph (a) of the definition of 'accumulated government body contributions' in subsection (1), the amount of a productivity contribution applicable to a person in relation to a particular period ('the accrual period') is:

     (a) if the relevant government body scheme provides for productivity contributions (applicable to all eligible employees who are members of the scheme) that may be expressed as a

     percentage of the earnings (as described for the purposes of the scheme) of each employee—that percentage of the earnings