Superannuation Guarantee (Administration) Amendment Regulations 2008 (No. 1) (132 of 2008)

Schedule 1   Amendments

[7]   Subregulation 6 (1), definition of MCR

substitute

MCR , in relation to a member of a superannuation scheme, is the rate at which contributions are paid by the member into a superannuation fund in respect of the scheme for the period from 1 July 2008, being a rate that is expressed, for the purposes of the governing rules of the scheme, as a percentage of his or her annual ordinary time earnings.

MRB means the minimum requisite benefit in respect of the person.