Document ID: chunk:federal_register_of_legislation:C2024C00469:section:18
Version: federal_register_of_legislation:C2024C00469
Segment Type: section
Provision Reference: s 18
Character Range: 28223–28865

18  The nature of the salary sacrifice election
 (1) The person may elect to forgo a percentage or amount of the base salary 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 sections 22 and 23).
 (2) The specified fund, scheme or account must, at the time the election is made, be either:
 (a) a complying superannuation fund; or
 (b) an RSA.
 (3) There can only be one additional contributions fund at any particular time in relation to the person.