Superannuation (CSS) Productivity Contribution (2019-2020) Declaration 2019
Superannuation (CSS)
Productivity Contribution
(2019-2020) Declaration 2019
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I, ADAM SCOTT NETTHEIM, Head of Scheme Operations, Scheme Administration, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.
Dated 30 May 2019
A NETTHEIM
Delegate of Commonwealth Superannuation Corporation
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1 Name of Declaration
This Declaration is the Superannuation (CSS) Productivity Contribution (2019-2020) Declaration 2019.
2 Commencement
This Declaration commences on 1 July 2019.
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 2019, 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 $2,408.00 $72.24
$2,408.00 or more but less than The amount that is 3% of the
$3,879.33 employee’s fortnightly rate of
salary
$3,879.33 or more but less than $116.38
$5,819.00
$5,819.00 or more The amount that is 2% of the
employee’s fortnightly rate of
salary