Superannuation (CSS) Productivity Contribution (2003-2004) Declaration 2003 (Cth)

Text

1 Name of Declaration

2 Commencement

3 Productivity contributions

Superannuation (CSS) Productivity Contribution
(2003–2004) Declaration 2003

Statutory Rules 2003 No. 173¹

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 11 June 2003

SANDRA WILSON

Delegate of the Minister for Finance and Administration

1              Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2003–2004) Declaration 2003.

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 has effect, for the financial year starting on 1 July 2003, 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 $1 337.33	$40.12
$1 337.33 or more, but less than $2 155.33	The amount that is 3% of the employee’s fortnightly rate of salary
$2 155.33 or more, but less than $3 233.00	$64.66
$3 233.00 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 30 June 2003.