Superannuation (Productivity Benefit) (2004-2005 Continuing Contributions) Declaration 2004 (Cth)

Superannuation (Productivity Benefit) (2004–2005 Continuing Contributions) Declaration 2004

Statutory Rules 2004 No. 198¹

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

Dated 21 June 2004

NICK MINCHIN

Minister for Finance and Administration

1. Name of Declaration

This Declaration is the Superannuation (Productivity Benefit) (2004–2005 Continuing Contributions) Declaration 2004.

1. Commencement

This Declaration commences on the date of its notification in the Gazette.

1. Substitution of amounts

For section 3D of the Superannuation (Productivity Benefit) Act 1988, the table in the Schedule to that Act has effect, for the financial year starting on 1 July 2004, as if the amounts specified in the following table were substituted for the amounts specified 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 $2 475.38	The amount that is 9% of the employee’s pay period rate of salary
$2 475.38 or more	$222.78

Note

1.       Notified in the Commonwealth of Australia Gazette on 25 June 2004.