Document ID: chunk:federal_register_of_legislation:C2022C00264:section:62a:p2
Version: federal_register_of_legislation:C2022C00264
Segment Type: section
Provision Reference: s 62A (pt 2/3)
Character Range: 199614–202340

of actual contributory service.
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 of the person for the accrual period based on the person's fortnightly rate of salary that, for the purposes of section 46, was payable on the most recent anniversary of birth of the person; or
 (b) if the relevant government body scheme provides for productivity contributions (applicable to a class of eligible employees identified by the scheme) that may be expressed as a percentage of the earnings (as described for the purposes of the scheme) of each employee in the class, and the percentage is lower than the corresponding percentage for any other class of eligible employees—that percentage of the earnings of the person for the accrual period based on the person's fortnightly rate of salary that, for the purposes of section 46, was payable on the most recent anniversary of birth of the person; or
 (c) if the relevant government body scheme is a defined benefit superannuation scheme within the meaning of the Superannuation Guarantee (Administration) Act 1992 that provides for a productivity related benefit applicable to all eligible employees who are members of the scheme—the contribution percentage, in relation to that benefit, of the earnings of the person for the accrual period based on the person's fortnightly rate of salary that, for the purposes of section 46, was payable on the most recent anniversary of birth of the person.
 (3) For the purposes of paragraph (2)(c), contribution percentage means the rate of contribution, expressed as a percentage of the eligible employees' earnings and certified by an actuary, required to provide the productivity related benefit.
 (4) The percentage referred to in paragraph (2)(a) or (b) must be certified by the person's employer.
 (5) For the purposes of the definition of notional accumulated SG contributions in subsection (1), an actuary is to determine:
 (a) an amount representing the cost of death and invalidity cover relevant to the person's SG minimum contributions; or
 (b) a means of working out such an amount.