OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

PART IA - REASONABLE BENEFIT LIMITS  

Division 4 - Determinations  

REGULATION 4U   AMOUNTS OF ETPs PAID BY EMPLOYERS COUNTED TOWARDS REASONABLE BENEFIT LIMITS  

4U(1)   [ ETPs paid by employers ]  

Where an ETP is paid by an employer to an employee, 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 such an associate - 85 % of that part of the post-June 83 component of the payment worked out in accordance with the following table:

Financial year in which payment is made	Percentage of post-June 83 component to be considered
1990/91	20 %
1991/92	40 %
1992/93	60 %
1993/94	80 %
1994/95 and subsequent years	100 %

4U(2)   [ Employee ]  

In this regulation:

employee
includes:

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

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