Superannuation (CSS) Productivity Contribution (2010-2011) Declaration 2010 (Cth)

Superannuation (CSS)

Productivity Contribution

(2010-2011) Declaration 2010

I, SANDRA BAILY, Manager of Australian Public Sector Defined Benefit Schemes Administration Section (Acting), Commonwealth Superannuation Administration, Position No. 44, and Delegate of the Australian Reward Investment Alliance, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 25 June 2010

S BAILEY
Delegate of Australian Reward Investment Alliance

1. Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2010-2011) Declaration 2010.

2          Commencement

This Declaration shall take effect from and including 1 July 2010.

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 2010, 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 $1848.67   $55.46

$1848.67or more, to under    The amount that is 3% of the

$2978.00   employee’s fortnightly rate of

salary

$2978.00 or more to under   $89.34

$4467.00

$4467.00 or more   The amount that is 2% of the

employee’s fortnightly rate of

salary