South Australian Repealed Acts

This legislation has been repealed.

SOUTHERN STATE SUPERANNUATION ACT 1994 - SECT 26

26—Payments by employers

        (1)         Within a period (to be determined by the Board) after salary is paid to a member, the member's employer must pay to the Treasurer an amount calculated as follows:

Where—

"A" is the amount to be paid

"S" is the amount of salary paid to the member or, if the member is entitled to both monetary and non-monetary salary, S is the aggregate of the monetary and non-monetary salary to which the member is entitled

"CP" is the charge percentage applicable in respect of the member for the period during which the salary was paid.

        (1a)         Where pursuant to an award or enterprise agreement the whole or part of a member's non-monetary salary is allocated for the purpose of increasing the employer component of the member's benefits under Part 5, the employer must, within seven days after salary is paid to the member, pay to the Treasurer an amount (or arrange for the payment within that period to the Treasurer of an amount) equivalent to the member's non-monetary salary that is allocated for that purpose.

        (2)         If an employer fails to pay the amount referred to in subsection (1) or (1a) within the time allowed by that subsection, the employer is liable to pay to the Treasurer a penalty (not being greater than 10 per cent of the amount unpaid) fixed by the Board.

        (2a)         This section does not apply in relation to a person who is a member of the scheme by virtue of section 14(10) or (10a).

        (3)         In this section—

"employer" means—

            (a)         the administrative unit in which the member is employed; or

            (b)         the agent or instrumentality of the Crown, or other person or body, that employs the member,

as the case requires.