Superannuation (CSS) Productivity Contribution (2019-2020) Declaration 2019 (Cth)

Superannuation (CSS)

Productivity Contribution

(2019-2020) Declaration 2019

I, ADAM SCOTT NETTHEIM, Head of Scheme Operations, Scheme Administration, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated                   30 May 2019

A NETTHEIM
Delegate of Commonwealth Superannuation Corporation

1. Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2019-2020) Declaration 2019.

2          Commencement

This Declaration commences on 1 July 2019.

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 2019, 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 $2,408.00   $72.24

$2,408.00 or more but less than    The amount that is 3% of the

$3,879.33   employee’s fortnightly rate of

salary

$3,879.33 or more but less than   $116.38

$5,819.00

$5,819.00 or more   The amount that is 2% of the

employee’s fortnightly rate of

   salary