Commonwealth legislation

Superannuation (PSS) Productivity Contribution (2015-2016) Determination 2015

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Commonwealth

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legislative instrument

Plain English Summary

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This Determination, made by a Commonwealth Superannuation Corporation delegate under PSS Rule 4.3.3, sets the fortnightly productivity contribution rates for PSS members for the 2015–16 year, effective 1 July 2015.

It substitutes a new table for the one in Rule 4.3.2, using a tiered schedule of fixed fortnightly amounts and percentage-based contributions (2% or 3%) tied to salary bands. Employers/administrators must apply these rates in payroll calculations.

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Current sections

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Superannuation (PSS) Productivity Contribution (2015-2016) Determination 2015

Superannuation (PSS)

Productivity Contribution

(2015-2016) Determination 2015

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I, STEPHEN PAUL WHITTON, Director, APS Technical Team, Position No. 44, and Delegate of Commonwealth Superannuation Corporation, pursuant to rule 4.3.3 of the PSS Rules, in the Schedule to the Deed in force under section 4 of the Superannuation Act 1990, DETERMINE as follows:

Dated 22 May 2015

S WHITTON

Delegate of Commonwealth Superannuation Corporation

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1 Name of Determination

This Determination is the Superannuation (PSS) Productivity Contribution (2015-2016) Determination 2015.

2 Commencement

This determination shall take effect on 1 July 2015.

3 Productivity Contributions

For Rule 4.3.3 of the PSS Rules, the table in Rule 4.3.2 has effect, for the financial year starting on 1 July 2015, 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 $2,215.33 $66.46

$2,215.33 or more but less than The amount that is 3% of the

$3,568.67 employee’s fortnightly rate of

salary

$3,568.67 or more but less than $107.06

$5,353.00

$5,353.00 or more The amount that is 2% of the

employee’s fortnightly rate of

salary

View image in the official source

Source text

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

1 Superannuation (PSS) Productivity Contribution (2015-2016) Determination 2015

Superannuation (PSS)

Productivity Contribution

(2015-2016) Determination 2015

Dated 22 May 2015

S WHITTON

Delegate of Commonwealth Superannuation Corporation

1 Name of Determination

This Determination is the Superannuation (PSS) Productivity Contribution (2015-2016) Determination 2015.

2 Commencement

This determination shall take effect on 1 July 2015.

3 Productivity Contributions

Table

Fortnightly rate of salary Fortnightly productivity

contribution

Less than $2,215.33 $66.46

$2,215.33 or more but less than The amount that is 3% of the

$3,568.67 employee’s fortnightly rate of

salary

$3,568.67 or more but less than $107.06

$5,353.00

$5,353.00 or more The amount that is 2% of the

employee’s fortnightly rate of

salary