Superannuation (CSS) Productivity Contribution Declaration No. 2 (Cth)

Statutory Rules 1992   No. 200¹

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Superannuation (CSS) Productivity Contribution Declaration No. 2

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

Dated 19th June 1992.

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. 2.

Productivity contributions

2.   In relation to the period commencing on 1 July 1992, 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

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Fortnightly rate of salary   Fortnightly productivity contribution

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Less than $902   $27.06

$902 or more but less than $1,453.33   The amount that is 3% of the employee’s               fortnightly rate of salary

$1,453.33 or more but less than $2,180                  $43.60

$2,180 or more   The amount that is 2% of the employee’s                fortnightly rate of salary

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NOTE

1.     Notified in the Commonwealth of Australia Gazette on  30 June  1992.