Superannuation (PSS) Productivity Contribution (2012-2013) Determination 2012

Link to law: https://www.comlaw.gov.au/Details/F2012L01318

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Superannuation (PSS)
Productivity Contribution
(2012-2013) Determination 2012
 
 
I, STEPHEN PAUL WHITTON, Director, Australian Public Sector Payments and Entitlements, Position No. 44, and Delegate of Commonwealth Superannuation Corporation, pursuant to rule 4.3.3 of the PSS Rules, in the Schedule to the Deed in force under section 4 of the Superannuation Act 1990, DETERMINE as follows:
 
Dated          20 June 2012
 
 
 
 
S WHITTON
Delegate of Commonwealth Superannuation Corporation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1          Name of Determination
 
This Determination is the Superannuation (PSS) Productivity Contribution (2012-2013) Determination 2012.
 
 
2          Commencement
 
          This determination shall take effect from and including 1 July 2012.     
 
 
3          Productivity Contributions
 
For Rule 4.3.3 of the PSS Rules, the table in Rule 4.3.2 has effect, for the financial year starting on 1 July 2012, 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 $2,000.67                                        $60.02
 
$2,000.67 or more but less than                      The amount that is 3% of the
$3,223.33                                                        employee’s fortnightly rate of
                                                                        salary
 
$3,223.33 or more but less than                      $96.70
$4,835.00
 
$4,835.00 or more                                           The amount that is 2% of the
                                                                        employee’s fortnightly rate of
                                                                        salary