Superannuation (Productivity Benefit) (2012-2013 Continuing Contributions) Declaration 2012
1Superannuation (Productivity Benefit) (2012-2013 Continuing Contributions) Declaration 2012
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Superannuation (Productivity Benefit) (2012-2013 Continuing Contributions) Declaration 20121
I, Penelope YING YEN WONG, Minister for Finance and Deregulation, make the following Declaration under section 3D of the Superannuation (Productivity Benefit) Act 1988.
Dated 8th June 2012
Penelope YING YEN WONG
Minister for Finance and Deregulation
1 Name of Declaration
This Declaration is the Superannuation (Productivity Benefit) (2012-2013 Continuing Contributions) Declaration 2012.
2 Commencement
This Declaration commences on 1 July 2012.
3 Substitution of amounts
For section 3D of the Superannuation (Productivity Benefit) Act 1988, the Table in the Schedule to that Act has effect, for the financial year commencing on 1 July 2012, as if the amounts specified in the following Table were substituted for the amounts specified in the Table in that Schedule (whether sums of money or percentages):
Table
| Pay period rate of salary | Pay period contribution |
|---|---|
| Less than $150.33 | $13.53 |
| $150.33 or more but less than $3519.23 | The amount that is 9% of the employee’s pay period rate of salary |
| $3519.23 or more | $316.73 |
Note
Note: 1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.comlaw.gov.au.