Superannuation (CSS) Productivity Contribution (2023-2024) Declaration 2023 (Cth)

Superannuation (CSS)

Productivity Contribution

(2023-2024) Declaration 2023

I, JARRED BROWN, Senior Manager, Governance & External Providers, Customer Operations, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated                   14 June 2023

J BROWN
Delegate of Commonwealth Superannuation Corporation

1. Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2023-2024) Declaration 2023.

2          Commencement

This Declaration shall take effect on 1 July 2023.

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 2023, 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 $2,710.00                   $81.30

$2,710.00 or more but less than    The amount that is 3% of the

$4,366.00   employee’s fortnightly rate of

salary

$4,366.00 or more but less than   $130.98

$6,549.00

$6,549.00 or more   The amount that is 2% of the

employee’s fortnightly rate of

salary