Superannuation (CSS) Productivity Contribution Declaration No. 1 (Cth)

Statutory  Rules  1991   No. 128¹

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Superannuation (CSS) Productivity Contribution Declaration No. 1

I, RALPH WILLIS, Minister of State for Finance, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 5 June 1991.

RALPH WILLIS

Minister of State for Finance

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Citation

1.  This Declaration may be cited as the Superannuation (CSS) Productivity Contribution Declaration No. 1.

Productivity contributions

2.  In relation to the period commencing on 1 July 1991, the Table in subsection 110C (1) of the Superannuation Act 1976 is to have effect as if the amounts specified in the following Schedule were substituted for the amounts specified in the Table:

SCHEDULE

Fortnightly rate of salary	Fortnightly productivity contribution
Less than $904	$27.12
$904 or more but less than $1,442	The amount that is 3% of the employee’s fortnightly rate of salary
$1,442 or more but less than $2,163	$43.26
$2,163 or more	The amount that is 2% of the employee’s fortnightly rate of salary.

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1.      Notified in the Commonwealth of Australia Gazette on 21 June 1991.