Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Act 2024 (90 of 2024)
Schedule 1 Main amendments
Paid Parental Leave Act 2010
3 Section 4 (after the paragraph beginning "Part 3-5 is about")
Insert:
Chapter 3A - PPL superannuation contributions
A PPL superannuation contribution is payable for a person for an income year if one or more PPL funding amounts or instalments relating to the person are paid by the Secretary in the income year.
The amount of a PPL superannuation contribution is calculated on the basis of the SG charge percentage for the income year and is generally paid by the Commissioner of Taxation in the subsequent income year to a complying superannuation fund for the person.
The Commissioner of Taxation has the general administration of Chapter 3A.
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