Taxation Laws Amendment Act 1994 (56 of 1994)

Part 4   AMENDMENT OF THE SUPERANNUATION GUARANTEE (ADMINISTRATION) ACT 1992

Division 4   Industrial award

95   Interpretation: notional earnings base where employer contributing to superannuation fund for benefit of employee immediately before 21 August 1991

Section 13 of the Principal Act is amended by inserting after paragraph (a) of the definition of "reference earnings" in subsection (5) the following paragraph:

"(aa) if the employer is contributing for the benefit of the employee in relation to a contribution period to the superannuation fund known as the Seafarers' Retirement Fund that was established by a trust deed on 3 May 1973-the benchmark rate stated in the trust deed; and".