Superannuation (CSS) Productivity Contribution (2006-2007) Declaration 2006 (Cth)

Superannuation (CSS)

Productivity Contribution

(2006-2007) Declaration 2006

Select Legislative Instrument 2006 No.

I, MATTHEW ARTHUR CASTLE, Manager of Australian Public Service Defined Benefit Schemes Administration Section, Commonwealth Superannuation Administration, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated          14 June 2006

Matthew Castle

Delegate of the CSS Board

1. 
   Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2006-2007) Declaration 2006.

2          Commencement

This Declaration shall take effect from and including 1 July 2006.

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 2006, 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 $1 540   $46.20

$1 540 or more, but less    The amount that is 3% of the

than $2 481.33   employee’s fortnightly rate of

salary

$2 481.33 or more, but less   $74.44

than $3 722

$3 722 or more   The amount that is 2% of the

   employee’s fortnightly rate of

salary