Federal Register of Legislation - Australian Government

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Determinations/Superannuation as made
This determination sets new productivity contribution rates for the Public Sector Superannuation (PSS) scheme to apply for the financial year beginning on 1 July 2019.
Administered by: Finance
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s11 item 06
Registered 31 May 2019
Tabling HistoryDate
Tabled HR02-Jul-2019
Tabled Senate02-Jul-2019

Superannuation (PSS)

Productivity Contribution

(2019-2020) Determination 2019

 

 


I, ADAM SCOTT NETTHEIM, Head of Scheme Operations, Scheme Administration, and Delegate of Commonwealth Superannuation Corporation, pursuant to rule 4.3.3 of the PSS Rules, in the Schedule to the Deed in force under section 4 of the Superannuation Act 1990, DETERMINE as follows:

 

Dated                   30 May 2019

 

 

 

 

 

A NETTHEIM

Delegate of Commonwealth Superannuation Corporation

 

 

 

 

 

 

 

 

 


 


1          Name of Determination

 

This Determination is the Superannuation (PSS) Productivity Contribution (2019-2020) Determination 2019.

 

 

2          Commencement

 

          This determination commences on 1 July 2019.     

 

 

3          Productivity Contributions

 

For Rule 4.3.3 of the PSS Rules, the table in Rule 4.3.2 has effect, for the financial year starting on 1 July 2019, as if the amounts specified in the following table were substituted for the amounts specified in that table:

 

 

Table

 

Fortnightly rate of salary                          Fortnightly productivity

                                                                        contribution

 

 


Less than $2,408.00                                        $72.24

 

$2,408.00 or more but less than                      The amount that is 3% of the

$3,879.33                                                        employee’s fortnightly rate of

                                                                        salary

 

$3,879.33 or more but less than                      $116.38

$5,819.00

 

$5,819.00 or more                                           The amount that is 2% of the

                                                                        employee’s fortnightly rate of

                                                                        salary