Superannuation (CSS) Productivity Contribution (2016-2017) Declaration 2016 (Cth)

Superannuation (CSS)
Productivity Contribution
(2016-2017) Declaration 2016

I, STEPHEN PAUL WHITTON, Director, APS Technical Team, Position No. 44, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated          1 June 2016

S WHITTON
Delegate of Commonwealth Superannuation Corporation
 

1. Name of Declaration

   This Declaration is the Superannuation (CSS) Productivity Contribution (2016-2017) Declaration 2016.

2          Commencement

This Declaration shall take effect on 1 July 2016.

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 2016, 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 $2,250.00   $67.50

$2,250.00 or more but less than    The amount that is 3% of the
$3,624.67   employee’s fortnightly rate of
  salary

$3,624.67 or more but less than   $108.74
$5,437.00

$5,437.00 or more   The amount that is 2% of the
   employee’s fortnightly rate of
   salary