Document ID: chunk:federal_register_of_legislation:F2014C00865:reg:3:p1
Version: federal_register_of_legislation:F2014C00865
Segment Type: reg
Provision Reference: reg 3 (pt 1/2)
Character Range: 2185–5161

3  Substitution of amounts
(1)  For section 3D of the Superannuation (Productivity Benefit) Act 1988, the Table in the Schedule to that Act has effect, for each financial year commencing on or after 1 July 2014, as if the amounts specified in the following Table were substituted for the amounts specified in the Table in that Schedule (whether sums of money or percentages):

Table

Pay period (weekly) rate of salary  Pay period (weekly) contribution
Less than $A                        $13.53
$A or more but less than $B         The amount that is C% of the employee's pay period rate of salary
$B or more                          An amount equal to C% of $B

(2)  In this section:
  $A means an amount equal to $13.53 divided by the relevant charge percentage for the relevant financial year, as specified in the table at subsection 19(2) of the Superannuation Guarantee (Administration) Act 1992, and rounded to the nearest cent.
  $B means an amount equal to the maximum contribution base for the relevant quarter, as defined under section 15 of the Superannuation Guarantee (Administration) Act 1992, divided by 13 and rounded to the nearest cent.
  C% means a percentage amount for the relevant financial year equal to the charge percentage for that year, as specified in the table at subsection 19(2) of the Superannuation Guarantee (Administration) Act 1992.

Endnotes

Endnote 1—About the endnotes
The endnotes provide details of the history of this legislation and its provisions. The following endnotes are included in each compilation:

Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
Endnote 5—Uncommenced amendments
Endnote 6—Modifications
Endnote 7—Misdescribed amendments
Endnote 8—Miscellaneous

If there is no information under a particular endnote, the word "none" will appear in square brackets after the endnote heading.

Abbreviation key—Endnote 2
The abbreviation key in this endnote sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended the compiled law. The information includes commencement information for amending laws and details of application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision level. It also includes information about any provisions that have expired or otherwise ceased to have effect in accordance with a provision of the compiled law.

Uncommenced amendments—Endnote 5
The effect of uncommenced amendments is not reflected in the text of the compiled law but the text of the amendments is included in endnote 5.

Modifications—Endnote 6
If the compiled law is affected by a modification that is in force,