Pension Plan

6 Months Ended

Mar. 31, 2017

Compensation and Retirement Disclosure [Abstract]

Pension Plan

22. Pension Plan

We operate a scheme which is comprised of a separately managed defined benefit section and a defined contribution section. The defined benefit section is closed to future accruals for services rendered to the Company. We estimate that $3.2 million will be contributed to the pension plan during the year ending September 30, 2017.

The total amount of employer contributions paid during the six months ended March 31, 2017 amounted to $1.6 million. We expect to pay $1.6 million during the remaining part of the fiscal period.

For the six months ended March 31, 2017 and 2016, the components of total periodic benefit costs were as follows:

	Six Months Ended
	March 31,
	2017			2016
Components of net periodic benefit (benefit) cost:
Service cost	$	-		$	-
Interest cost		1,624			1,959
Expected return on plan assets		(1,518	)		(1,831	)
Net periodic (benefit) cost	$	106		$	128