s. 18B Commonwealth Act, are to be disregarded; and (b) S is— (i) the member or former member's final basic salary; or (ii) the maximum contribution base (expressed as an annual amount) within the meaning of the Commonwealth Act, at the time when the final basic salary is determined— whichever is the lesser; means the the Commonwealth Act Superannuation Guarantee (Administration) Act 1992 of the Commonwealth as amended and in force for the time being. S. 18B(2) (2) Notwithstanding anything to the contrary in this amended by Act or the regulations, the amount of the benefit Nos 4/1996 paid or payable under this Act in respect of any s. 71(1), 61/2013 member or former member must not, in respect of s. 16(7)(9). the period during which the Commonwealth Act applies, be less than the sum of the amount contributed by him or her to the Scheme and the net earning rate as determined by the Board on that amount and the superannuation guarantee amount. (3) Any part of the superannuation guarantee amount S. 18B(3) substituted by which is required to be preserved in accordance No. 4/1996 with the specified standards must be so preserved. s. 71(2).
Commonwealth Act, are to be disregarded; and (b) S is— (i) the member or former member's final basic salary; or (ii) the maximum contribution base (expressed as an annual amount) within the meaning of the Commonwealth Act, at the time when the final basic salary is determined— s. 18B whichever is the lesser; the Commonwealth Act means the Superannuation Guarantee (Administration) Act 1992 of the Commonwealth as amended and in force for the time being. S. 18B(2) amended by Nos 4/1996 s. 71(1), 61/2013 s. 16(7)(9). (2) Notwithstanding anything to the contrary in this Act or the regulations, the amount of the benefit paid or payable under this Act in respect of any member or former member must not, in respect of the period during which the Commonwealth Act applies, be less than the sum of the amount contributed by him or her to the Scheme and the net earning rate as determined by the Board on that amount and the superannuation guarantee amount. S. 18B(3) substituted by No. 4/1996 s. 71(2). (3) Any part of the superannuation guarantee amount which is required to be preserved in accordance with the specified standards must be so preserved.
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