AustLII Tasmanian Numbered Regulations

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RETIREMENT BENEFITS (PARLIAMENTARY SUPERANNUATION) REGULATIONS 2012 (S.R. 2012, NO. 119) - REG 14

Deduction of contributions from salaries of members

(1)  The contributions of a member to whom this Part applies must be made by way of deduction from each instalment of parliamentary salary that becomes payable to him or her commencing with the first instalment paid after he or she becomes a member and ceasing, subject to subregulation (2) , when the member attains the age of 65 years or ceases to be a member, whichever is the earlier.
(2)  A member may elect, by notice in writing given to the Board, that he or she will make contributions in respect of his or her service after the age of 65 years in accordance with regulation 12(2) .
(3)  An election under subregulation (2) must be made within such period as the Board may allow.
(4)  A member who has made an election under subregulation (2) may, at any time, revoke that election by notice in writing to the Board.
(5)  The contributions in respect of a member who has made an election under subregulation (2) cease to be payable –
(a) when the member attains the age of 70 years; or
(b) when he or she ceases to be a member; or
(c) when he or she revokes the election –
whichever first occurs.
(6)  A member who has ceased to make contributions as mentioned in subregulation (1) and has elected under subregulation (2) to make contributions must resume paying contributions from a date fixed by the Board.
(7)  A member who has resumed paying contributions under subregulation (6) must make the contributions in respect of his or her service for which no contributions have been made within such period as the Board may allow together with interest at such rate as the Board may determine.
(8)  So far as is practicable, the deductions made in respect of a member must be equal in amount.
(9)  All deductions so made must be paid into the PS Fund.



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