s. 42 (10) The Minister may by notice published in the S. 42(10) Government Gazette declare— inserted by No. 40/2004 s. 18. (a) an employee to be an eligible salary sacrifice contributor from the date specified in the notice; or (b) a class of employees to be eligible salary sacrifice contributors from the date specified in the notice. (11) An eligible salary sacrifice contributor may by S. 42(11) inserted by notice in writing to his or her employer elect to No. 40/2004 make his or her member contributions by way of s. 18. salary sacrifice at the rate calculated to the nearest highest 01% in accordance with the following formula— where— "M" is the applicable member contribution rate in accordance with the provisions of the governing instrument of the MTA Superannuation Fund without salary sacrifice; "R" is the tax rate for the financial year on taxable contributions to the MTA Superannuation Fund under the Commonwealth Income Tax Assessment Act 1936. S. 42(12) (12) An election under subsection (11)— inserted by No. 40/2004 (a) can only be made if there is in force an s. 18. agreement between the employer and the employee under which the employer can make the member contributions required by the provisions of the governing instrument of the MTA Superannuation Fund by way of salary sacrifice;
S. 42(10) inserted by No. 40/2004 s. 18. (10) The Minister may by notice published in the Government Gazette declare— (a) an employee to be an eligible salary sacrifice contributor from the date specified in the notice; or s. 42 (b) a class of employees to be eligible salary sacrifice contributors from the date specified in the notice. S. 42(11) inserted by No. 40/2004 s. 18. (11) An eligible salary sacrifice contributor may by notice in writing to his or her employer elect to make his or her member contributions by way of salary sacrifice at the rate calculated to the nearest highest 01% in accordance with the following formula— where— "M" is the applicable member contribution rate in accordance with the provisions of the governing instrument of the MTA Superannuation Fund without salary sacrifice; "R" is the tax rate for the financial year on taxable contributions to the MTA Superannuation Fund under the Commonwealth Income Tax Assessment Act 1936. S. 42(12) inserted by No. 40/2004 s. 18. (12) An election under subsection (11)— (a) can only be made if there is in force an agreement between the employer and the employee under which the employer can make the member contributions required by the provisions of the governing instrument of the MTA Superannuation Fund by way of salary sacrifice;
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