Superannuation (CSS) Productivity Contribution (2021-2022) Declaration 2021

Superannuation (CSS)

Productivity Contribution

(2021-2022) Declaration 2021

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I, ABBEY BROWNE, Senior Manager, Knowledge and Technical Advice, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 8 June 2021

A BROWNE
Delegate of Commonwealth Superannuation Corporation

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1 Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2021-2022) Declaration 2021.

2 Commencement

This Declaration commences on 1 July 2021.

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 2021, 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 $2,568.67 $77.06

$2,568.67 or more but less than The amount that is 3% of the

$4,138.00 employee’s fortnightly rate of

salary

$4,138.00 or more but less than $124.14

$6,207.00

$6,207.00 or more The amount that is 2% of the

employee’s fortnightly rate of

salary

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