Superannuation (CSS) Productivity Contribution (2011-2012) Declaration 2011 (Cth)

Superannuation (CSS)

Productivity Contribution

(2011-2012) Declaration 2011

I, STEVE WHITTON, Director, Australian Public Sector Payments and Entitlements, Position No. 44, and Delegate of the Australian Reward Investment Alliance, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated          29 June 2011

S WHITTON
Delegate of Australian Reward Investment Alliance

1. Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2011-2012) Declaration 2011.

2          Commencement

This Declaration shall take effect from and including 1 July 2011.

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 2011, 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 $1,915.33   $57.46

$1,915.33 more, to under    The amount that is 3% of the

$3,086.00   employee’s fortnightly rate of

salary

$3,086.00 or more to under   $92.58

$4,629.00

$4,629.00 or more   The amount that is 2% of the

employee’s fortnightly rate of

salary