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Self Employed Updates

01 June, 2010

In June 2010 the Board set both the interest rate and contribution rate that will be applied to the self employed worker for the next financial year as follows:

The interest rate for the 2010-2011 financial year is 6%

The contribution rate (the rate at which a self employed person can contribute into the scheme) remains at $156.00 or $182.00 per quarter for the 2010-2011 financial year (these rates are based on a weekly wage of $720.00 and $840.00 per week