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Superannuation (CSS) Productivity Contribution (1995-96) Declaration | Zoe

Commonwealth legislation

Superannuation (CSS) Productivity Contribution (1995-96) Declaration

In ForceCTH

Jurisdiction

Commonwealth

Act Number

173 of 1995

Collection

legislative instrument

Plain English Summary

3/10 complexity

This declaration updates the fortnightly productivity contributions CSS employees must pay for the 1995–96 financial year by substituting specified fixed amounts and percentage rates into the Table in subsection 110C(1) of the Superannuation Act 1976. Made by the Minister for Finance under section 110D, it takes effect on gazettal, requiring employers to apply the revised bands and percentage calculations to payroll deductions for that year.

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Current sections

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Superannuation (CSS) Productivity Contribution (1995-96) Declaration

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Statutory Rules 1995 No. 1731

__________________

Superannuation (CSS) Productivity Contribution (1995-96) Declaration

I, KIM CHRISTIAN BEAZLEY, Minister for Finance, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 19 June 1995.

KIM C. BEAZLEY

Minister for Finance

____________

Citation

This Declaration may be cited as the Superannuation (CSS) Productivity Contribution (1995-96) Declaration.

Note: [NOTE: This Declaration commences on gazettal: see Acts Interpretation Act 1901, ss. 46A and 48.]

Productivity contributions

In relation to the financial year commencing on 1 July 1995, the Table in subsection 110C (1) of the Superannuation Act 1976 is to have effect 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 $985.33	$29.56
$985.33 or more, but less than $1,587.33	The amount that is 3% of the employee’s fortnightly rate of salary
$1,587.33 or more, but less than $2,381.00	$47.62
$2,381.00 or more	The amount that is 2% of the employee’s fortnightly rate of salary

NOTE

Note: 1. Notified in the Commonwealth of Australia Gazette on 30 June 1995.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Superannuation (CSS) Productivity Contribution (1995-96) Declaration

Statutory Rules 1995 No. 1731

__________________

Superannuation (CSS) Productivity Contribution (1995-96) Declaration

I, KIM CHRISTIAN BEAZLEY, Minister for Finance, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 19 June 1995.

KIM C. BEAZLEY

Minister for Finance

____________

Citation

This Declaration may be cited as the Superannuation (CSS) Productivity Contribution (1995-96) Declaration.

Note: [NOTE: This Declaration commences on gazettal: see Acts Interpretation Act 1901, ss. 46A and 48.]

Productivity contributions

In relation to the financial year commencing on 1 July 1995, the Table in subsection 110C (1) of the Superannuation Act 1976 is to have effect 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 $985.33	$29.56
$985.33 or more, but less than $1,587.33	The amount that is 3% of the employee’s fortnightly rate of salary
$1,587.33 or more, but less than $2,381.00	$47.62
$2,381.00 or more	The amount that is 2% of the employee’s fortnightly rate of salary

NOTE

Note: 1. Notified in the Commonwealth of Australia Gazette on 30 June 1995.