Superannuation (CSS) (SG Minimum Contribution) Determination 2013 (Cth)

Superannuation (CSS) (SG Minimum Contribution) Determination 2013

I, James Peterswald, Chief Operations Officer, Australian Public Sector Schemes Group, Position No. 4105, and Delegate of the Commonwealth Superannuation Corporation, make the following determination under subsection 110SC(2) of the Superannuation Act 1976.

Dated: 17 June 2013

James Peterswald

Chief Operations Officer

Contents

Part 1—Preliminary  1

1............ Name of determination.................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Repeal............................................................................................................................ 1

5............ Definition...................................................................................................................... 1

Part 2—Superannuation guarantee top‑up benefit: SG minimum contribution percentage    2

6............ Variation of SG minimum contribution percentage....................................................... 2

Part 1—Preliminary

1  Name of determination

This determination is the Superannuation (CSS) (SG Minimum Contribution) Determination 2013.

2  Commencement

This determination commences on the day after it is registered.

3  Authority

This determination is made under subsection 110SC(2) of the Superannuation Act 1976.

4  Repeal

The Superannuation (CSS) (SG Minimum Contribution) Determination No. 1 (Statutory Rules 1992 No. 461) is repealed.

5  Definition

In this determination:

Act means the Superannuation Act 1976.

Part 2—Superannuation guarantee top‑up benefit: SG minimum contribution percentage

6  Variation of SG minimum contribution percentage

For subsection 110SC(2) of the Act, the percentage mentioned in subsection 110SC(1) of the Act is varied as follows:

(a)  from 1 January 1993 to 30 June 1995—from 4% to 5%;

(b)  from 1 July 1995 to 30 June 1998—from 5% to 6%;

(c)  from 1 July 1998 to 30 June 2000—from 6% to 7%;

(d)  from 1 July 2000 to 30 June 2002—from 7% to 8%;

(e)  from 1 July 2002 to 8 August 2008—from 8% to 9%.

Note:          For the calculation of the SG minimum contribution from 9 August 2008—see regulation 5 of the Superannuation (CSS) (Superannuation Guarantee) Regulations 2008.