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Superannuation (CSS) Productivity Contribution (1997-98) Declaration | Zoe

Commonwealth legislation

Superannuation (CSS) Productivity Contribution (1997-98) Declaration

In ForceCTH

Jurisdiction

Commonwealth

Act Number

149 of 1997

Collection

legislative instrument

Plain English Summary

2/10 complexity

This Declaration substitutes new fortnightly productivity contribution rates for members of the Commonwealth Superannuation Scheme (CSS) for the 1997–98 financial year by replacing the Table in subsection 110C(1) of the Superannuation Act 1976.

It affects employees covered by the CSS and the payroll/superannuation administrators who must apply fixed-dollar or percentage contributions by salary band; it was made by the Minister for Finance under section 110D and commences on gazettal.

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Current sections

Direct links to the current provisions in Superannuation (CSS) Productivity Contribution (1997-98) Declaration.

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Superannuation (CSS) Productivity Contribution (1997-98) Declaration

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Statutory Rules 1997 No. 1491

__________________

Superannuation (CSS) Productivity Contribution (1997-98) Declaration

I, john joseph faheY, Minister for Finance, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 10 June 1997.

JOHN FAHEY

Minister for Finance

____________

Citation

This Declaration may be cited as the Superannuation (CSS) Productivity Contribution (1997-98) 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 1997, 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 $1,034.67	$31.04
$1,034.67 or more, but less than $1,667.33	The amount that is 3% of the employee’s fortnightly rate of salary
$1,667.33 or more, but less than $2,501.00	$50.02
$2,501.00 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 25 June 1997.

Source text

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

1 Superannuation (CSS) Productivity Contribution (1997-98) Declaration

Statutory Rules 1997 No. 1491

__________________

Superannuation (CSS) Productivity Contribution (1997-98) Declaration

I, john joseph faheY, Minister for Finance, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 10 June 1997.

JOHN FAHEY

Minister for Finance

____________

Citation

This Declaration may be cited as the Superannuation (CSS) Productivity Contribution (1997-98) 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 1997, 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 $1,034.67	$31.04
$1,034.67 or more, but less than $1,667.33	The amount that is 3% of the employee’s fortnightly rate of salary
$1,667.33 or more, but less than $2,501.00	$50.02
$2,501.00 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 25 June 1997.