Document ID: chunk:federal_register_of_legislation:C2004A03971:section:365:p6
Version: federal_register_of_legislation:C2004A03971
Segment Type: section
Provision Reference: s 365 (pt 6/34)
Character Range: 142875–145711

or person as is determined by the Minister; or

    (c) where the employee is employed by an approved authority— that authority; or

    (d) in any other case—such person as is determined by the Minister;

'notional interim benefit', in relation to a person, has the same meaning as in section 8a of the Superannuation (Productivity Benefit) Act 1988;

'preservation fund' means a fund, any productivity benefits or productivity related benefits that are transferred to which are preserved in accordance with standards prescribed by regulations under the Occupational Superannuation Standards Act 1987;

'productivity benefit' means a benefit payable under section 110p;

'productivity contribution', in relation to a productivity employee, has the meaning given by section 110c;

'productivity employee' means:

    (a) an eligible employee other than:

      (i) an employee of the Northern Territory or of an authority of the Northern Territory; or

      (ii) an employee of a State or of an authority of a State; or

      (iii) a person who is engaged or appointed for employment outside Australia only; or

      (iv) a person in a class in respect of which a declaration is in force under section 110e; or

    (b) an eligible employee in respect of whom a declaration is in force under section 110f;

'productivity related benefit' means a benefit not payable under this Act that consists of, or includes, an amount like the amount described in paragraph 110q (1) (a).

Rate of salary

"110b. For the purposes of section 110c, the fortnightly rate of salary of a productivity employee is taken to be his or her fortnightly rate of salary on the last anniversary of his or her birth that occurred before the contribution day on which the productivity contribution is payable.

Productivity contributions

"110c. (1) Subject to this section, the productivity contribution in respect of a productivity employee for a fortnight is the amount ascertained in accordance with the following Table:
TABLE
Fortnightly rate of salary           Fortnightly productivity contribution
Less than $846                       $25.40
$846 or more but less than $1,300    The amount that is 3% of the employee's fortnightly rate of salary
$1,300 or more but less than $1,950  $39.00
$1,950 or more                       The amount that is 2% of the employee's fortnightly rate of salary.

"(2) Where the Minister makes a declaration under section 110d in relation to a period, the Table has effect in relation to that period as if it had been varied in accordance with the declaration.

"(3) Where an amount that, but for this subsection, would be a productivity contribution in respect of a productivity employee includes a part of a cent, then:

(a) where the part is .5 of a cent or more—that part shall be taken to be 1 cent; and

(b) in any