DETERMINATION BY THE PARLIAMENTARY RETIRING ALLOWANCES TRUST
EQUIVALENT FORTNIGHTLY REMUNERATION FOR OFFICES OF PROFIT UNDER THE CROWN
Pursuant to subsection 21B(3) of the Parliamentary Contributory Superannuation Act 1948, the Parliamentary Retiring Allowance Trust hereby determines that, for the purpose of determining an equivalent fortnightly rate of remuneration payable in respect of an office of profit under the Crown, where the remuneration is paid otherwise than on a fortnightly basis, the formulas in the Table in this determination are to be used.
Pursuant to section 9 of the Parliamentary Contributory Superannuation Act
1948, the Parliamentary Retiring Allowance Trust hereby delegates its power under subsection 21B(3) of the Act to the Minister for Finance to determine an equivalent fortnightly rate of remuneration payable in respect of an office of profit under the Crown, where the remuneration is paid otherwise than on a fortnightly basis and the formulas in this determination are not applicable.
PAYMENT TYPE | METHOD |
Weekly: | multiply the salary by two |
Monthly: | multiply the salary by 144 and divide by 313 |
Quarterly: | multiply the salary by 48 and divide by 313 |
Annually: | multiply the salary by 12 and divide by 313 |
Per diem: | total payment for days worked in a retiring allowance payment period be treated as the fortnightly payment in that period |
Date this 12th day of December 1996
Signed Bob Charles Signed Clyde Holding
………………………………… ……………………………….
For and on behalf of the
Parliamentary Retiring
Allowances Trust