Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies to the following (each an employer)—
(a) a local government (other than the Brisbane City Council);
(b) a local government entity;
(c) the Brisbane City Council.
(2) However, subsections (3) and (4) do not apply to the Brisbane City Council.
(3) The yearly contribution that an employer must make, to the LG super scheme, for a permanent employee who is an accumulation benefit member is the amount prescribed under a regulation.
(4) The yearly contribution that an employer must make, to the LG super scheme, for a permanent employee who is a defined benefit member is the amount stated, from time to time, in the trust deed.
(5) The yearly contribution that the Brisbane City Council must make, to the LG super scheme, as an employer for an employee who is an accumulation benefit member prescribed under a regulation is the amount prescribed under that regulation.
(6) The yearly contribution that the Brisbane City Council must make, to the LG super scheme, as an employer for an employee who is a defined benefit member is the amount stated, from time to time, in the trust deed.
(7) If an employer is required under an industrial instrument to make superannuation contributions for an employee, the superannuation contribution required under the industrial instrument is not in addition to the yearly contribution the employer is required to make under this section.
(8) An employer need not pay an amount as a yearly contribution to the extent that the amount can not be accepted by a regulated superannuation fund under the Commonwealth Super Act.
Note—
See the Superannuation Industry (Supervision) Regulations 1994 (Cwlth), regulation 7.04.
(9) An employer must pay the yearly contribution within the time stated in the trust deed.
(10) Subsections (3) and (5) are subject to section 220B.