Superannuation (Productivity Benefit) (Continuing Contributions) Declaration 2013 (Cth)

Superannuation (Productivity Benefit) (Continuing Contributions) Declaration 2013

as amended

made under section 3D of the

Superannuation (Productivity Benefit) Act 1988

Compilation start date:   1 July 2014

Includes amendments up to:           Superannuation (Productivity Benefit)
(Continuing Contributions) Amendment
Declaration 2014 (No. 1)

About this compilation

This compilation

This is a compilation of the Superannuation (Productivity Benefit) (Continuing Contributions) Declaration 2013 as in force on 1 July 2014. It includes any commenced amendment affecting the legislation to that date.

This compilation was prepared on 1 July 2014.

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of each amended provision.

Uncommenced amendments

The effect of uncommenced amendments is not reflected in the text of the compiled law but the text of the amendments is included in the endnotes.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Modifications

If a provision of the compiled law is affected by a modification that is in force, details are included in the endnotes.

Provisions ceasing to have effect

If a provision of the compiled law has expired or otherwise ceased to have effect in accordance with a provision of the law, details are included in the endnotes.

Contents

1............ Name of Declaration...................................................................................................... 1

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

3............ Substitution of amounts................................................................................................. 1

Endnotes2

Endnote 1—About the endnotes  2

Endnote 2—Abbreviation key  3

Endnote 3—Legislation history  4

Endnote 4—Amendment history  5

Endnote 5—Uncommenced amendments [none]  6

Endnote 6—Modifications [none]  6

Endnote 7—Misdescribed amendments [none]  6

Endnote 8—Miscellaneous [none]  6

1  Name of Declaration

This Declaration is the Superannuation (Productivity Benefit) (Continuing Contributions) Declaration 2013.

2  Commencement

This Declaration commences on 1 July 2013.

3  Substitution of amounts

(1) For section 3D of the Superannuation (Productivity Benefit) Act 1988, the Table in the Schedule to that Act has effect, for each financial year commencing on or after 1 July 2014, as if the amounts specified in the following Table were substituted for the amounts specified in the Table in that Schedule (whether sums of money or percentages):

Table

Pay period (weekly) rate of salary	Pay period (weekly) contribution
Less than $A		$13.53
$A or more but less than $B		The amount that is C% of the employee’s pay period rate of salary
$B or more		An amount equal to C% of $B

(2)               In this section:

$A means an amount equal to $13.53 divided by the relevant charge percentage for the relevant financial year, as specified in the table at subsection 19(2) of the Superannuation Guarantee (Administration) Act 1992, and rounded to the nearest cent.

$B means an amount equal to the maximum contribution base for the relevant quarter, as defined under section 15 of the Superannuation Guarantee (Administration) Act 1992, divided by 13 and rounded to the nearest cent.

C% means a percentage amount for the relevant financial year equal to the charge percentage for that year, as specified in the table at subsection 19(2) of the Superannuation Guarantee (Administration) Act 1992.

Endnotes

Endnote 1—About the endnotes

The endnotes provide details of the history of this legislation and its provisions. The following endnotes are included in each compilation:

Endnote 1—About the endnotes

Endnote 2—Abbreviation key

Endnote 3—Legislation history

Endnote 4—Amendment history

Endnote 5—Uncommenced amendments

Endnote 6—Modifications

Endnote 7—Misdescribed amendments

Endnote 8—Miscellaneous

If there is no information under a particular endnote, the word “none” will appear in square brackets after the endnote heading.

Abbreviation key—Endnote 2

The abbreviation key in this endnote sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended the compiled law. The information includes commencement information for amending laws and details of application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision level. It also includes information about any provisions that have expired or otherwise ceased to have effect in accordance with a provision of the compiled law.

Uncommenced amendments—Endnote 5

The effect of uncommenced amendments is not reflected in the text of the compiled law but the text of the amendments is included in endnote 5.

Modifications—Endnote 6

If the compiled law is affected by a modification that is in force, details of the modification are included in endnote 6.

Misdescribed amendments—Endnote 7

An amendment is a misdescribed amendment if the effect of the amendment cannot be incorporated into the text of the compilation. Any misdescribed amendment is included in endnote 7.

Miscellaneous—Endnote 8

Endnote 8 includes any additional information that may be helpful for a reader of the compilation.

Endnote 2—Abbreviation key

ad = added or inserted	pres = present
am = amended	prev = previous
c = clause(s)	(prev) = previously
Ch = Chapter(s)	Pt = Part(s)
def = definition(s)	r = regulation(s)/rule(s)
Dict = Dictionary	Reg = Regulation/Regulations
disallowed = disallowed by Parliament	reloc = relocated
Div = Division(s)	renum = renumbered
exp = expired or ceased to have effect	rep = repealed
hdg = heading(s)	rs = repealed and substituted
LI = Legislative Instrument	s = section(s)
LIA = Legislative Instruments Act 2003	Sch = Schedule(s)
mod = modified/modification	Sdiv = Subdivision(s)
No = Number(s)	SLI = Select Legislative Instrument
o = order(s)	SR = Statutory Rules
Ord = Ordinance	Sub-Ch = Sub-Chapter(s)
orig = original	SubPt = Subpart(s)
par = paragraph(s)/subparagraph(s) /sub-subparagraph(s)

Endnote 3—Legislation history

Name	FRLI registration	Commencement	Application, saving and transitional provisions
Superannuation (Productivity Benefit) (Continuing Contributions) Declaration 2013	21 May 2013 (see F2013L00813)	1 July 2013
Superannuation (Productivity Benefit) (Continuing Contributions) Amendment Declaration 2014 (No. 1)	11 June 2014 (see F2014L00696)	1 July 2014	—

Endnote 4—Amendment history

Provision affected	How affected
s 3..........................................	am No 1, 2014

Endnote 5—Uncommenced amendments [none]

Endnote 6—Modifications [none]

Endnote 7—Misdescribed amendments [none]

Endnote 8—Miscellaneous [none]