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Superannuation Act 1976 (Tax on Productivity Contributions) Determination No. 2

Authoritative Version
Determinations/Superannuation as made
This Determination provides the amount in the nature of income tax relevant to a productivity contribution.
Administered by: Finance
General Comments: The Superannuation Act 1976 (Tax on Productivity Contributions) Determination No. 2 was not lodged for registration by the last lodgment day of 31 December 2007, however continues in force under paragraph 32 (3) (b) of the Legislative Instruments Act 2003 (see Supporting Material).
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s11 item 06
Registered 03 Aug 2009
Gazetted 18 Dec 1991

 

                    COMMONWEALTH OF AUSTRALIA

 

                     SUPERANNUATION ACT 1976

 

                          DETERMINATION

 

 

The Commonwealth Superannuation Board of Trustees No. 2, pursuant to subsection 110Q(1A) of the Superannuation Act 1976 and for the purposes of paragraph 110Q(1)(a) of that Act, DETERMINES as follows:

 

Citation

 

1.  This determination may be cited as the "Superannuation Act 1976 (Tax on Productivity Contributions) Determination No. 2".

 

Previous Determination

 

2.  The “Superannuation Act 1976 (Tax on Productivity Contributions) Determination No.1”, made by the Commonwealth Superannuation Board of Trustees No. 2 in relation to paragraph 110Q(1)(a) of the Act on 5 September 1991, is revoked and deemed never to have applied in relation to a person who ceased to be an eligible employee before the Commencement of this determination. 

 

Commencement                    

 

3.  This determination shall take effect on and from 1 January 1992.

 

Interpretation

 

4.  (1) In this determination:

 

    “Act” means the Superannuation Act 1976.

 

    (2) Words and expressions defined in s.3(1) and s.110A of the Act have the same meaning in this determination.

 

Amount of Tax on Productivity Contributions

 

5.  The amount in the nature of income tax relevant to a productivity contribution shall be 15 per cent of that contribution.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

R.L. Brown

 

....................

R.L. Brown

(Chairperson)

 

 

 

G.N. Vanthoff                    M. Crompton            

 

....................            ....................

G.N. Vanthoff                   M. Crompton

(Member)                        (Alternate Member for P.J. Barrett)

 

 

 

D.C. Leaver                       J.A. Flitcroft

 

....................            ....................

D.C. Leaver                     J.A. Flitcroft

(Member)                        (Member)

 

 

 

 

A.J. McKenzie                   C. Savage

 

....................            ....................

A.J. McKenzie                   C. Savage

(Member)                       (Alternate Member for R.J. Walters)

 

 

 

 

 

 

The Common Seal of the Commonwealth Superannuation Board of Trustees No. 2 was hereunto affixed by authority of the Board.

 

 

 

 

 

 

 

 

Dated this      fifth       day of     December        1991