Superannuation (CSS) Productivity Contribution (2007-2008) Declaration 2007 (Cth)

Superannuation (CSS)

Productivity Contribution

(2007-2008) Declaration 2007

I,  MATTHEW ARTHUR CASTLE, Manager of Australian Public 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 Australian 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