Document ID: chunk:federal_register_of_legislation:C1950A00076:body:0:p1
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SUPERANNUATION.

No. 76 of 1950.

An Act to amend the Superannuation Act 1922-1948, and for other purposes.

[Assented to 15th December, 1950.]

BE it enacted by the King's Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.
1.—(1.) This Act may be cited as the Superannuation Act 1950.
(2.) The Superannuation Act 1922-1948 is in this Act referred to as the Principal Act.
(3.) The Principal Act, as amended by this Act, may be cited as the Superannuation Act 1922-1950.
(4.) The Superannuation Act 1947-1948, as amended by this Act, may be cited as the Superannuation Act 1947-1950.

Commencement.
2. This Act shall come into operation on the day on which it receives the Royal Assent.

Scale of units of pensions.
3. Section thirteen of the Principal Act is amended by omitting from sub-section (1.) the scale contained therein and inserting in its stead the following scale:—
Column One.                               Column Two.                                                                               Column Three.
Where the Annual Salary of the Employee—  The employee shall contribute the amount necessary to provide units of pension as under—  Equivalent to an annual pension of—
                                          £                                                                                                                              £         s                        d
Does not exceed...................        130 ..                                                                                    Two units..........                  78        0                        0
                                          £
Exceeds                                   130                                                                                       and does not exceed                  156 ..    Two and a half units...  97   10  0
Exceeds                                   156                                                                                       and does not exceed                  208 ..    Three units.........     117  0   0
Exceeds                                   208                                                                                       and does not exceed                  260 ..    Four units..........     156  0   0
Exceeds                                   260                                                                                       and does not exceed                  312 ..    Five units..........     195  0   0
Exceeds                                   312                                                                                       and does not exceed                  364 ..    Six units...........     234  0   0
Exceeds                                   364                                                                                       and does not exceed                  416 ..    Seven units.........     273  0   0
Exceeds                                   416                                                                                       and does not exceed                  468 ..    Eight units.........     312  0   0
Exceeds                                   468                                                                                       and does not exceed                  520 ..    Nine units..........     344  10  0
Exceeds                                   520                                                                                       and does not exceed                  572 ..    Ten units..........      377  0   0
Exceeds                                   572                                                                                       and does not exceed                  624 ..    Eleven units........     409  10  0
Exceeds                                   624                                                                                       and does not exceed                  676 ..    Twelve units........     442  0   0
Exceeds                                   676                                                                                       and does not exceed                  728 ..    Thirteen units.......    474  10  0
Exceeds                                   728                                                                                       and does not exceed                  780 ..    Fourteen units.......    507  0   0
Exceeds                                   780                                                                                       and does not exceed                  832 ..    Fifteen units........    539  10  0
Exceeds                                   832                                                                                       and does not exceed                  884 ..    Sixteen units........    572  0   0
Exceeds                                   884                                                                                       and does not exceed                  936 ..    Seventeen units......    604  10  0
Exceeds                                   936                                                                                       and does not exceed                  988 ..    Eighteen units.......    637  0   0
Exceeds                                   988                                                                                       and does not exceed                  1,040 ..  Nineteen units.......    669  10  0
Exceeds                                   1,040                                                                                     and does not exceed