Document ID: chunk:federal_register_of_legislation:C2004A01197:clause:1_24
Version: federal_register_of_legislation:C2004A01197
Segment Type: clause
Provision Reference: sch 1 cl 24
Character Range: 7114–7886

24  Subsection 6C(3)
Repeal the subsection, substitute:

 (3) The amount determined by the Authority may not be more than the total of the following amounts:
 (a) 15% of the employer‑financed component of any part of the benefits payable to the member that accrued between 20 August 1996 and 1 July 2003;
 (b) 14.5% of the employer‑financed component of any part of the benefits payable to the member that accrued in the 2003‑2004 financial year;
 (c) 13.5% of the employer‑financed component of any part of the benefits payable to the member that accrued in the 2004‑2005 financial year;
 (d) 12.5% of the employer‑financed component of any part of the benefits payable to the member that accrued after 30 June 2005.

Parliamentary Contributory Superannuation Act 1948