Common use of Act 1992 Clause in Contracts

Act 1992. From the commencement of this Agreement to 30th June 2025, the practice’s SG contributions must be paid into the employee’s nominated superannuation fund at least every three months, at the legislated rate of 11.5%. From 1st July 2025, the practice’s SG contributions must be paid into the employee’s nominated superannuation fund at least every three months, at the legislated rate of 12%. From 1st July 2026, employers will be required to pay SG contributions at the same time as the payment of the registrar’s salary and wages. Superannuation is payable on all ordinary time earnings. The applicable SG rate will be applied to the registrar’s base rate of pay or percentage of ▇▇▇▇▇▇▇▇/ receipts, whichever is higher.