Superannuation (CSS)
Productivity Contribution
(2006-2007) Declaration 2006
Select Legislative Instrument 2006 No.
I, MATTHEW ARTHUR CASTLE, Manager of Australian Public Service Defined Benefit Schemes Administration Section, Commonwealth Superannuation Administration, make the following Declaration under section 110D of the Superannuation Act 1976.
Dated 14 June 2006
Matthew Castle
Delegate of the CSS Board
1 Name of Declaration
This Declaration is the Superannuation (CSS) Productivity Contribution (2006-2007) Declaration 2006.
2 Commencement
This Declaration shall take effect from and including 1 July 2006.
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 2006, 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 $1 540 $46.20
$1 540 or more, but less The amount that is 3% of the
than $2 481.33 employee’s fortnightly rate of
salary
$2 481.33 or more, but less $74.44
than $3 722
$3 722 or more The amount that is 2% of the
employee’s fortnightly rate of
salary