1Superannuation (CSS) (SG Minimum Contribution) Determination 2013

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Commonwealth Coat of Arms

 

 

Superannuation (CSS) (SG Minimum Contribution) Determination 2013

I, James Peterswald, Chief Operations Officer, Australian Public Sector Schemes Group, Position No. 4105, and Delegate of the Commonwealth Superannuation Corporation, make the following determination under subsection 110SC(2) of the Superannuation Act 1976.

Dated: 17 June 2013

James Peterswald

Chief Operations Officer

 

 

 

 

Contents

Part 1—Preliminary

1 Name of determination

2 Commencement

3 Authority

4 Repeal

5 Definition

Part 2—Superannuation guarantee top‑up benefit: SG minimum contribution percentage

6 Variation of SG minimum contribution percentage

 

Part 1—Preliminary

 

1  Name of determination

  This determination is the Superannuation (CSS) (SG Minimum Contribution) Determination 2013.

2  Commencement

  This determination commences on the day after it is registered.

3  Authority

  This determination is made under subsection 110SC(2) of the Superannuation Act 1976.

4  Repeal

  The Superannuation (CSS) (SG Minimum Contribution) Determination No. 1 (Statutory Rules 1992 No. 461) is repealed.

5  Definition

  In this determination:

Act means the Superannuation Act 1976.

Part 2—Superannuation guarantee top‑up benefit: SG minimum contribution percentage

 

6  Variation of SG minimum contribution percentage

  For subsection 110SC(2) of the Act, the percentage mentioned in subsection 110SC(1) of the Act is varied as follows:

 (a) from 1 January 1993 to 30 June 1995—from 4% to 5%;

 (b) from 1 July 1995 to 30 June 1998—from 5% to 6%;

 (c) from 1 July 1998 to 30 June 2000—from 6% to 7%;

 (d) from 1 July 2000 to 30 June 2002—from 7% to 8%;

 (e) from 1 July 2002 to 8 August 2008—from 8% to 9%.

Note: For the calculation of the SG minimum contribution from 9 August 2008—see regulation 5 of the Superannuation (CSS) (Superannuation Guarantee) Regulations 2008.