OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)
View history note
Hide history noteIf an ETP is paid to an employee out of a trust scheme of a kind that is generally known as an " employee share participation scheme " , the amount that is counted towards the reasonable benefit limits of the employee is:
(a) if the employee is an associate of the employer - the sum of:
(i) 100 % of the pre-July 83 component of the payment; and
(ii) 85 % of the post-June 83 component of the payment; or
(b) if the employee is not an associate of the employer - 85 % of the part of the post-June 83 component of the payment that is calculated under the following table:
| Financial year, or other period, in which payment is made | % of post-June 83 component to be counted |
| 24 December 1991 to 30 June 1993 | 20 % |
| 1993/94 | 40 % |
| 1994/95 | 60 % |
| 1995/96 | 80 % |
| 1996/97 | 100 % |
In this regulation:
(a) in relation to a body corporate - a director or other officer, however described, of the body; and
(b) a person engaged under a contract for services.
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