SUPERANNUATION GUARANTEE (ADMINISTRATION) REGULATIONS 1993 (REPEALED)
REGULATION 4
NOTIONAL EMPLOYER CONTRIBUTION RATE: GENERAL
4(1)
[Where reg 5 or 6 applicable]
(a) is applicable to the class; and
(b) is consistent with regulation 5 or 6 ; and
(c) determines a rate that is comparable to the rate at which the employer of the employees must contribute to the superannuation scheme, or schemes, to provide the employees with the minimum requisite benefit.
Subject to subregulation (2), the notional employer contribution rate in relation to a class of employees who are members of a defined benefit superannuation scheme is the rate determined in accordance with regulation 5 or 6 .
4(2) [Where neither reg 5 nor 6 applicable]If regulation 5 or 6 is not applicable to a class of employees, the notional employer contribution rate for that class is calculated in accordance with a method determined by an actuary, who certifies that the method:
(a) is applicable to the class; and
(b) is consistent with regulation 5 or 6 ; and
(c) determines a rate that is comparable to the rate at which the employer of the employees must contribute to the superannuation scheme, or schemes, to provide the employees with the minimum requisite benefit.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.