Document ID: chunk:federal_register_of_legislation:F2018L00216:reg:7
Version: federal_register_of_legislation:F2018L00216
Segment Type: reg
Provision Reference: reg 7
Character Range: 4195–5364

7  Waiver agreements—prescribed employees
  For the purposes of subsection 39B(1) of the Act, an eligible employee is of a kind prescribed if the eligible employee:
 (a) is at least 55 years of age and has no qualifying service for the purposes of section 39A of the Act; or
 (b) is at least 55 years of age and has at least 8 years of qualifying service for the purposes of section 39A of the Act; or
 (c) is a manager of a corporation that employs eligible employees in the black coal mining industry; or
 (d) is a senior professional employee engaged in the management of a corporation that employs eligible employees in the black coal mining industry; or
 (e) has an annual salary (including allowances) of:
 (i) in 2017—at least $174,700; and
 (ii) in a subsequent year—$174,700, as adjusted by the annual rate of the Consumer Price Index for 2017 and then for each completed year (if any) after 2017; or
 (f) is employed under an undergraduate placement or a work training placement.
Note: Eligible employees of these kinds may make a waiver agreement with their employer as described in section 39B of the Act.

Part 3—Application and transitional provisions