Document ID: chunk:federal_register_of_legislation:C2018A00005:clause:1_37ed
Version: federal_register_of_legislation:C2018A00005
Segment Type: clause
Provision Reference: sch 1 cl 37ED
Character Range: 28577–29233

37ED  Exemption for small amounts of variable remuneration
 (1) Paragraph 37E(1)(a) does not apply in relation to the variable remuneration of an accountable person for a financial year if the amount of the person's variable remuneration that is required, or would apart from this section be required, under subparagraph 37E(1)(a)(ii) to be deferred for that financial year is less than:
 (a) the amount determined under subsection (2); or
 (b) if a determination under subsection (2) is not in force—$50,000.
 (2) The Minister may, by legislative instrument, determine an amount for the purposes of paragraph (1)(a).

Division 5—Notification obligations