Document ID: chunk:federal_register_of_legislation:C2024A00104:section:314
Version: federal_register_of_legislation:C2024A00104
Segment Type: section
Provision Reference: s 314
Character Range: 494851–496034

314  Determination of individual contribution rate
 (1) The System Governor must determine the individual contribution rate (expressed as a percentage) for an individual for each means testing category:
 (a) in accordance with any criteria or methods prescribed by the rules; and
 (b) within the period prescribed by the rules.

Giving notice of determination
 (2) The System Governor must give notice of a determination under subsection (1) to the individual within 14 days after the determination is made.
 (3) The notice under subsection (2) must:
 (a) state that the individual may be required to notify the System Governor of any events or changes in the individual's circumstances in accordance with rules made for the purposes of subsection 315(1); and
 (b) specify the individual contribution rate for the individual for each means testing category; and
 (c) set out the reasons for the determination; and
 (d) state how the individual may apply for reconsideration of the determination; and
 (e) include such other matters as are prescribed by the rules.

Date of effect of determination
 (4) The determination takes effect at the start of the day prescribed by the rules.