Taxation Laws Amendment Act 1994 (56 of 1994)

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

Division 4   Industrial award

96   Insertion of new section

After section 13 of the Principal Act the following section is inserted:

Interpretation: notional earnings base where employer contributing to Seafarers' Retirement Fund

"13A. (1) This section deals with the meaning of the expression 'notional earnings base' in relation to an employee if:

(a) an employer is contributing for the benefit of the employee in relation to a contribution period to the superannuation fund known as the Seafarers' Retirement Fund that was established by a trust deed on 3 May 1973; and

(b) the employer was not so contributing immediately before 21 August 1991; and

(c) section 13 would apply in relation to the employee if the employer had been so contributing immediately before that date.

"(2) The expression 'notional earnings base' has, in relation to the employee, the same meaning as in section 13.".