Superannuation (CSS) Productivity Contribution (2010-2011) Declaration 2010
Superannuation (CSS)
Productivity Contribution
(2010-2011) Declaration 2010
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I, SANDRA BAILY, Manager of Australian Public Sector Defined Benefit Schemes Administration Section (Acting), Commonwealth Superannuation Administration, Position No. 44, and Delegate of the Australian Reward Investment Alliance, make the following Declaration under section 110D of the Superannuation Act 1976.
Dated 25 June 2010
S BAILEY
Delegate of Australian Reward Investment Alliance
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1 Name of Declaration
This Declaration is the Superannuation (CSS) Productivity Contribution (2010-2011) Declaration 2010.
2 Commencement
This Declaration shall take effect from and including 1 July 2010.
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 2010, 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 $1848.67 $55.46
$1848.67or more, to under The amount that is 3% of the
$2978.00 employee’s fortnightly rate of
salary
$2978.00 or more to under $89.34
$4467.00
$4467.00 or more The amount that is 2% of the
employee’s fortnightly rate of
salary