Federal Register of Legislation - Australian Government

Primary content

Declarations/Superannuation as made
This declaration sets new rates of productivity contributions for the Commonwealth Superannuation Scheme (CSS) to apply for the financial year beginning on 1 July 2021.
Administered by: Finance
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s11 item 06
Registered 09 Jun 2021
Tabling HistoryDate
Tabled HR15-Jun-2021
Tabled Senate15-Jun-2021

 

 

 

 

 

 

Superannuation (CSS)

Productivity Contribution

(2021-2022) Declaration 2021

 

 


I, ABBEY BROWNE, Senior Manager, Knowledge and Technical Advice, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.

 

Dated          8 June 2021

 

 

 

 

A BROWNE
Delegate of Commonwealth Superannuation Corporation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


1          Name of Declaration

 

This Declaration is the Superannuation (CSS) Productivity Contribution (2021-2022) Declaration 2021.

 

 

2          Commencement

 

          This Declaration commences on 1 July 2021.

 

 

3          Productivity Contributions

 

For section 110D of the Superannuation Act 1976, the table in subsection 110C(1) of that Act has effect, for the financial year starting on 1 July 2021, 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 $2,568.67                                        $77.06

 

$2,568.67 or more but less than                      The amount that is 3% of the

$4,138.00                                                        employee’s fortnightly rate of

                                                                        salary

 

$4,138.00 or more but less than                      $124.14

$6,207.00

 

$6,207.00 or more                                           The amount that is 2% of the

                                                                        employee’s fortnightly rate of

                                                                        salary