Superannuation (CSS) Productivity Contribution (1996-97) Declaration (Cth)

Statutory Rules 1996   No. 115¹

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Superannuation (CSS) Productivity Contribution (1996-97) Declaration

I, JOHN FAHEY, Minister for Finance, make the following Declaration under section 110D of the Superannuation  Act 1976.

Dated 10 June 1996.

JOHN FAHEY

Minister for Finance

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Citation

1.   This Declaration may be cited as the Superannuation (CSS) Productivity Contribution (1996-97) Declaration.

[NOTE: This Declaration commences on gazettal: see Acts Interpretation Act 1901, ss. 46A and 48.]

Productivity contributions

2. In relation to the financial year commencing on 1 July 1996, the Table in subsection 110C (1) of the Superannuation Act 1976 is to have effect 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 $1,014.67	$30.44
$1,014.67 or more, but less than $1,634.67	The amount that is 3% of the employee’s fortnightly rate of salary
$1,634.67 or more, but less than $2,452.00	$49.04
$2,452.00 or more	The amount that is 2% of the employee’s fortnightly rate of salary

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NOTE

1.   Notified in the Commonwealth of Australia Gazette on  28 June 1996.