Superannuation (CSS) Productivity Contribution (2015-2016) Declaration 2015

Link to law: https://www.comlaw.gov.au/Details/F2015L00761

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Superannuation (CSS)
Productivity Contribution
(2015-2016) Declaration 2015
 
 
I, STEPHEN PAUL WHITTON, Director, APS Technical Team, Position No. 44, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.
 
Dated          22 May 2015
 
 
 
 
S WHITTON
Delegate of Commonwealth Superannuation Corporation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1          Name of Declaration
 
This Declaration is the Superannuation (CSS) Productivity Contribution (2015-2016) Declaration 2015.
 
 
2          Commencement
 
          This Declaration shall take effect on 1 July 2015.
 
 
3          Productivity Contributions
 
For section 110D of the Superannuation Act 1976, the table in subsection 110C(1) of that Act has effect, for the financial year starting on 1 July 2015, as if the amounts specified in the following table were substituted for the amounts specified in that table:
 
 
 
Table
 
Fortnightly rate of salary                          Fortnightly productivity
                                                                        contribution



   
Less than $2,215.33                                        $66.46
 
$2,215.33 or more but less than                      The amount that is 3% of the
$3,568.67                                                        employee’s fortnightly rate of
                                                                        salary
 
$3,568.67 or more but less than                      $107.06
$5,353.00
 
$5,353.00 or more                                           The amount that is 2% of the
                                                                        employee’s fortnightly rate of
                                                                        salary