OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

PART IA - REASONABLE BENEFIT LIMITS  

Division 4 - Determinations  

REGULATION 4UA   AMOUNT OF ETP PAID OUT OF EMPLOYEE SHARE PARTICIPATION SCHEME THAT COUNTS TOWARDS RBL  

4UA(1)   [ Percentage of pre-July or post-June 1983 component ]  

If an ETP is paid to an employee out of a trust scheme of a kind that is generally known as an " employee share participation scheme " , the amount that is counted towards the reasonable benefit limits of the employee is:

(a) if the employee is an associate of the employer - the sum of:

(i) 100 % of the pre-July 83 component of the payment; and

(ii) 85 % of the post-June 83 component of the payment; or

(b) if the employee is not an associate of the employer - 85 % of the part of the post-June 83 component of the payment that is calculated under the following table:

Financial year, or other period, in which payment is made	% of post-June 83 component to be counted
24 December 1991 to 30 June 1993	20 %
1993/94	40 %
1994/95	60 %
1995/96	80 %
1996/97	100 %

4UA(2)   [ " employee " ]  

In this regulation:

employee
includes:

(a) in relation to a body corporate - a director or other officer, however described, of the body; and

(b) a person engaged under a contract for services.