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.
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