Commonwealth legislation

Superannuation (PSS) Productivity Contribution (2007-2008) Determination 2007

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

3/10 complexity

This Determination sets the fortnightly productivity contribution rates that Public Sector Superannuation (PSS) members must pay for the 2007–08 financial year, taking effect 1 July 2007. It replaces the contribution table in the PSS Rules and implements a tiered schedule mixing fixed amounts and percentage-based deductions from members’ fortnightly salary. It therefore directly changes payroll deductions for affected PSS members and the contribution amounts the scheme administers for that year.

JSON API Tax / GST / superannuation

Deep dive

Want the full deep dive?

Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.

Current sections

Direct links to the current provisions in Superannuation (PSS) Productivity Contribution (2007-2008) Determination 2007.

Superannuation (PSS) Productivity Contribution (2007-2008) Determination 2007

Superannuation (PSS)

Productivity Contribution

(2007-2008) Determination 2007

Select Legislative Instrument 2007 No.

View image in the official source

I, MATTHEW ARTHUR CASTLE, Manager of the Australian Public Servicector, Defined Benefit Schemes Administration Section, Commonwealth Superannuation Administration, Position No. 44, and Delegate of the PSS BoardAustralian Reward Investment Alliance, pursuant to rule B4.3.3 of the Rules, DETERMINE as follows:

Dated 7 June 2007

M CASTLE

Delegate of the PSS BoardAustralian Reward Investment Alliance

View image in the official source

1 Name of Determination

This Determination is the Superannuation (PSS) Productivity Contributions (2007-2008) Determination 2007.

2 Commencement

This determination shall take effect from and including 1 July 2007.

3 Productivity Contributions

For Rule B4.3.3 of the PSS Rules, the table in Rule B4.3.2 has effect, for the financial year starting on 1 July 2007, 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 $1 591.33 $47.74

$1 591.33 or more, but less The amount that is 3% of the

than $2 564 employee’s fortnightly rate of

salary

$2 564 or more, but less $76.92

than $3 846

$3 846 or more The amount that is 2% of the

employee’s fortnightly rate of

salary

Source text

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

1 Superannuation (PSS) Productivity Contribution (2007-2008) Determination 2007

Superannuation (PSS)

Productivity Contribution

(2007-2008) Determination 2007

Select Legislative Instrument 2007 No.

Dated 7 June 2007

M CASTLE

Delegate of the PSS BoardAustralian Reward Investment Alliance

1 Name of Determination

This Determination is the Superannuation (PSS) Productivity Contributions (2007-2008) Determination 2007.

2 Commencement

This determination shall take effect from and including 1 July 2007.

3 Productivity Contributions

Table

Fortnightly rate of salary Fortnightly productivity

contribution

Less than $1 591.33 $47.74

$1 591.33 or more, but less The amount that is 3% of the

than $2 564 employee’s fortnightly rate of

salary

$2 564 or more, but less $76.92

than $3 846

$3 846 or more The amount that is 2% of the

employee’s fortnightly rate of

salary