Document ID: chunk:federal_register_of_legislation:C2007A00165:clause:1_5
Version: federal_register_of_legislation:C2007A00165
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 6546–7638

5  At the end of section 46
Add:

 (2) However, an eligible employee may elect that the amount of the fortnightly basic contribution payable by the employee is an amount equal to 0% of the fortnightly rate of salary referred to in subsection (1).

Note: The election is suspended during some periods of leave of absence without pay of more than 12 weeks (see sections 51A and 51AA).

 (3) To avoid doubt, while an election made by an eligible employee under subsection (2) is in force:
 (a) basic contributions continue to be payable by the employee; and
 (b) the amount of basic contribution that is payable by the employee is nil.

 (4) An eligible employee may revoke an election at any time.

 (5) An eligible employee who makes an election under subsection (2), or revokes an election under subsection (4), must give written notice of the election or revocation to the Board.

 (6) An election under subsection (2), or a revocation under subsection (4), takes effect from the first contribution day following the day on which notice of the election or revocation is given to the Board.