Superannuation (CSS) Productivity Contribution (2022-2023) Declaration 2022
Superannuation (CSS)
Productivity Contribution
(2022-2023) Declaration 2022
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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 7 June 2022
A BROWNE
Delegate of Commonwealth Superannuation Corporation
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1 Name of Declaration
This Declaration is the Superannuation (CSS) Productivity Contribution (2022-2023) Declaration 2022.
2 Commencement
This Declaration shall take effect on 1 July 2022.
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 2022, 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 $2,624.00 $78.72
$2,624.00 or more but less than The amount that is 3% of the
$4,226.67 employee’s fortnightly rate of
salary
$4,226.67 or more but less than $126.80
$6,340.00
$6,340.00 or more The amount that is 2% of the
employee’s fortnightly rate of
salary