Superannuation (CSS) Productivity Contribution (2007-2008) Declaration 2007

Superannuation (CSS)

Productivity Contribution

(2007-2008) Declaration 2007

Select Legislative Instrument 2007 No.

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I, MATTHEW ARTHUR CASTLE, Manager of Australian Public Service Sector Defined Benefit Schemes Administration Section, Commonwealth Superannuation Administration, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 7 June 2007

M CASTLE

Delegate of the CSS BoardAustralian Reward Investment Alliance

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1 Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2007-2008) Declaration 2007.

2 Commencement

This Declaration shall take effect from and including 1 July 2007.

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 2007, 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

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Less than $1 591.33 $47.74

$1 591.33 or more, but less The amount that is 3% of the

than $2 564 employee’s fortnightly rate of

salary

$2 564 or more, but less $76.92

than $3 846

$3 846 or more The amount that is 2% of the

employee’s fortnightly rate of

salary

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