Document ID: chunk:federal_register_of_legislation:C2022C00264:section:3:p1
Version: federal_register_of_legislation:C2022C00264
Segment Type: section
Provision Reference: s 3 (pt 1/15)
Character Range: 14549–17281

3  Interpretation
 (1) In this Act, unless the contrary intention appears:
accumulated basic contributions, in relation to a person who has ceased to be an eligible employee, means an amount equal to the sum of the basic contributions that have been, or are deemed to have been, paid, or have become payable, by him or her on or after his or her first day of service and the amount of any interest on those contributions together with, in the case of a person who had previously ceased to be an eligible employee on an occasion earlier than his or her first day of service, any amount that, under section 7A, is to be added to the amount of his or her accumulated basic contributions.
accumulated contributions, in relation to a person who has ceased to be an eligible employee, means the sum of:
 (a) the person's accumulated basic contributions; and
 (b) the person's accumulated supplementary contributions (if any);
less, if the person has made an election under section 80B or subsection 136(3A) or if the person's spouse has made an election under subsection 92(1A), the person's surcharge deduction amount.
accumulated employer contributions has the meaning given by section 110Q.
accumulated performance pay employee contributions, in relation to a person, means the sum of:
 (a) an amount equal to the difference between:
 (i) the sum of the amounts paid into a declared fund (within the meaning of the Superannuation (Productivity Benefit) Act 1988) in respect of the person under paragraph 11(1)(a) of the Superannuation (Productivity Benefit) Alternative Arrangements Declaration No. 6 (Statutory Rules 1993, No. 34); and
 (ii) the sum of any amounts deducted by way of charges or fees from those amounts by the trustee of the fund; and
 (b) interest on the amount mentioned in paragraph (a).
accumulated performance pay employer contributions, in relation to a person, means the sum of:
 (a) an amount equal to the difference between:
 (i) the sum of the amounts paid into a declared fund (within the meaning of the Superannuation (Productivity Benefit) Act 1988) in respect of the person under paragraph 11(1)(b) of the Superannuation (Productivity Benefit) Alternative Arrangements Declaration No. 6 (Statutory Rules 1993, No. 34); and
 (ii) the sum of any amounts in the nature of income tax relevant to those amounts and any amounts deducted by way of charges or fees from those amounts by the trustee of the fund; and
 (b) interest on the amount mentioned in paragraph (a).
accumulated supplementary contributions, in relation to a person who has ceased to be an eligible employee, means an amount equal to the sum of the supplementary contributions that have been, or are deemed to have been, paid, or have become