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