Taxation Laws Amendment (Superannuation) Act 1992 (208 of 1992)

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

Division 5   Amendment relating to the reduction of charge percentage

86   Reduction of charge percentage where contribution made to defined benefit superannuation scheme

Section 22 of the Principal Act is amended:

(a) by omitting from paragraph (2)(a) "whole or a part" and substituting "whole or part";
            

(b) by inserting in subsection (3) ", or the aggregate of the periods," after "means the period" (wherever occurring);
            

(c) by adding at the end the following subsection:
            

"(5) For the purposes of a calculation under this section in relation to an employer and an employee:

(a) a period of leave of absence without pay granted by the employer to the employee is not to be taken into account as a period for which the employee is employed by the employer; and

(b) a benefit certificate is taken not to have effect in relation to the employee in respect of such a period.".