Superannuation (CSS) Productivity Contribution (2002-2003) Declaration (Cth)

Text

1 Name of Declaration

2 Commencement

3 Productivity contributions

Superannuation (CSS) Productivity Contribution
(2002–2003) Declaration 2002

Statutory Rules 2002 No. 131¹

I, SANDRA KAY WILSON, Branch Manager of the Superannuation Branch, Department of Finance and Administration, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 6 June 2002

SANDRA WILSON

Delegate of the Minister for Finance and Administration

1              Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2002–2003) Declaration 2002.

2              Commencement

                This Declaration commences on gazettal.

3              Productivity contributions

For section 110D of the Superannuation Act 1976, the table in subsection 110C (1) of that Act is to have effect, for the financial year starting on 1 July 2002, as if the amounts set out in the following table were substituted for the amounts set out in that table.

Table

Fortnightly rate of salary	Fortnightly productivity contribution
Less than $1 278.00	$38.34
$1 278.00 or more, but less than $2 060.00	The amount that is 3% of the employee’s fortnightly rate of salary
$2 060.00 or more, but less than $3 090.00	$61.80
$3 090.00 or more	The amount that is 2% of the employee’s fortnightly rate of salary

Note

1.       Notified in the Commonwealth of Australia Gazette on 27 June 2002.