Superannuation (Productivity Benefit) (2002-2003 Continuing Contributions) Declaration 2002 (Cth)

Text

1 Name of Declaration

2 Commencement

3 Substitution of amounts

Superannuation (Productivity Benefit) (2002–2003 Continuing Contributions) Declaration 2002

Statutory Rules 2002 No. 132¹

I, NICHOLAS HUGH MINCHIN, Minister for Finance and Administration, make the following Declaration under section 3D of the Superannuation (Productivity Benefit) Act 1988.

Dated 20 June 2002

NICK MINCHIN

Minister for Finance and Administration

1              Name of Declaration

                This Declaration is the Superannuation (Productivity Benefit) (2002–2003 Continuing Contributions) Declaration 2002.

2              Commencement

                This Declaration commences on gazettal.

3              Substitution of amounts

For section 3D of the Superannuation (Productivity Benefit) Act 1988, the table in the Schedule to that Act is to have effect, for the financial year starting on 1 July 2002, as if the amounts set out in the following table were substituted for the amounts set out in the table in that Schedule:

Table

Pay period rate of salary	Pay period contribution
Less than $150.33	$13.53
$150.33 or more but less than $2 247.69	The amount that is 9% of the employee’s pay period rate of salary
$2 247.69 or more	$202.29

Note

1.       Notified in the Commonwealth of Australia Gazette on 27 June 2002.