Commonwealth legislation

Superannuation (Productivity Benefit) (2002-2003 Continuing Contributions) Declaration 2002

In ForceCTH

Jurisdiction

Commonwealth

Act Number

132 of 2002

Collection

legislative instrument

Plain English Summary

2/10 complexity

This Declaration replaces the pay-period contribution table in the Schedule to the Superannuation (Productivity Benefit) Act 1988 for the 2002–2003 financial year. It sets three contribution bands — a fixed low amount, a 9%-of-pay middle band, and a fixed high amount — and takes effect on gazettal. The Minister for Finance and Administration made the change under section 3D; payroll administrators and organisations applying the Act must use the revised amounts from 1 July 2002.

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Current sections

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Superannuation (Productivity Benefit) (2002-2003 Continuing Contributions) Declaration 2002

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Superannuation (Productivity Benefit) (2002–2003 Continuing Contributions) Declaration 2002

Statutory Rules 2002 No. 1321

I, nicholas hugh minchin, Minister for Finance and Administration, make the following Declaration under section 3D of the Superannuation (Productivity Benefit) Act 1988.

Dated 20 June 2002

nicK minchin

Minister for Finance and Administration

1 Name of Declaration

This Declaration is the Superannuation (Productivity Benefit) (2002–2003 Continuing Contributions) Declaration 2002.

2 Commencement

This Declaration commences on gazettal.

3 Substitution of amounts

For section 3D of the Superannuation (Productivity Benefit) Act 1988, the table in the Schedule to that Act is to have effect, for the financial year starting on 1 July 2002, as if the amounts set out in the following table were substituted for the amounts set out in the table in that Schedule:

Table

Pay period rate of salary	Pay period contribution
Less than $150.33	$13.53
$150.33 or more but less than $2 247.69	The amount that is 9% of the employee’s pay period rate of salary
$2 247.69 or more	$202.29

Note

Note: 1. Notified in the Commonwealth of Australia Gazette on 27 June 2002.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Superannuation (Productivity Benefit) (2002-2003 Continuing Contributions) Declaration 2002