Superannuation (CSS) Productivity Contribution (2023-2024) Declaration 2023

Superannuation (CSS)

Productivity Contribution

(2023-2024) Declaration 2023

View image in the official source

I, JARRED BROWN, Senior Manager, Governance & External Providers, Customer Operations, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 14 June 2023

J BROWN
Delegate of Commonwealth Superannuation Corporation

View image in the official source

1 Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2023-2024) Declaration 2023.

2 Commencement

This Declaration shall take effect on 1 July 2023.

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 2023, 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

View image in the official source

Less than $2,710.00 $81.30

$2,710.00 or more but less than The amount that is 3% of the

$4,366.00 employee’s fortnightly rate of

salary

$4,366.00 or more but less than $130.98

$6,549.00

$6,549.00 or more The amount that is 2% of the

employee’s fortnightly rate of

salary

View image in the official source