Document ID: chunk:federal_register_of_legislation:C2004A01320:clause:2_1d
Version: federal_register_of_legislation:C2004A01320
Segment Type: clause
Provision Reference: sch 2 cl 1D
Character Range: 21764–22469

1D  The nature of the salary sacrifice election

 (1) The member may elect to forgo a percentage or amount of the parliamentary allowance that he or she would otherwise expect to receive and instead have contributions (the additional contributions) made to a specified fund, scheme or account (the additional contributions fund).

Note: An election can be varied or revoked (see clauses 1H and 1I).

 (2) The specified fund, scheme or account must, at the time the election is made, be either:
 (a) a complying superannuation fund that is not a self managed superannuation fund; or
 (b) an RSA.

 (3) There can only be one additional contributions fund at any particular time in relation to the member.