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Superannuation (CSS) Productivity Contribution (2007-2008) Declaration 2007

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Superannuation (CSS)
Productivity Contribution
(2007-2008) Declaration 2007
 
Select Legislative Instrument 2007 No.
 
I,  MATTHEW ARTHUR CASTLE, Manager of Australian Public Service Sector Defined Benefit Schemes Administration Section, Commonwealth Superannuation Administration, make the following Declaration under section 110D of the Superannuation Act 1976.
 
Dated 7 June                                                          2007
 
 
 
 
 
 
M CASTLE
 
Delegate of the CSS BoardAustralian Reward Investment Alliance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1          Name of Declaration
 
This Declaration is the Superannuation (CSS) Productivity Contribution (2007-2008) Declaration 2007.
 
 
2          Commencement
 
          This Declaration shall take effect from and including 1 July 2007.
 
 
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 2007, 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 $1 591.33                                         $47.74
 
$1 591.33 or more, but less                              The amount that is 3% of the
than $2 564                                                      employee’s fortnightly rate of
                                                                        salary
 
$2 564 or more, but less                                   $76.92
than $3 846
 
$3 846 or more                                                The amount that is 2% of the
                                                                        employee’s fortnightly rate of
                                                                        salary