1Superannuation (CSS) Productivity Contribution (2024-2025) Declaration 2024

Superannuation (CSS)

Productivity Contribution

(2024-2025) Declaration 2024

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I, ADAM NETTHEIM, Chief Customer Officer, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 04 June 2024

A NETTHEIM
Delegate of Commonwealth Superannuation Corporation

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1 Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2024-2025) Declaration 2024.

2 Commencement

This Declaration shall take effect on 1 July 2024.

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 2024, 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 $2,830.67 $84.92

$2,830.67 or more but less than The amount that is 3% of the

$4,560.67 employee’s fortnightly rate of

salary

$4,560.67 or more but less than $136.82

$6,841.00

$6,841.00 or more The amount that is 2% of the

employee’s fortnightly rate of

salary

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