Superannuation (CSS) Productivity Contribution (2018-2019) Declaration 2018 (Cth)

Superannuation (CSS)

Productivity Contribution

(2018-2019) Declaration 2018

I, STEPHEN PAUL WHITTON, Senior Manager, Quality, Knowledge and Change, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated                   16 May 2018

S WHITTON
Delegate of Commonwealth Superannuation Corporation

1. Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2018-2019) Declaration 2018.

2          Commencement

This Declaration shall take effect on 1 July 2018.

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 2018, 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 $2,352.67   $70.58

$2,352.67 or more but less than    The amount that is 3% of the

$3,790.00   employee’s fortnightly rate of

salary

$3,790.00 or more but less than   $113.70

$5,685.00

$5,685.00 or more   The amount that is 2% of the

employee’s fortnightly rate of

salary