Commonwealth legislation

Superannuation (PSS) Productivity Contribution (2017-2018) Determination 2017

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Commonwealth

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legislative instrument

Plain English Summary

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This Determination, made by a delegate of the Commonwealth Superannuation Corporation under rule 4.3.3 of the PSS Rules, sets fortnightly productivity contribution rates for PSS members for the 2017–18 financial year (effective 1 July 2017).

It substitutes new amounts into the Rule 4.3.2 table so payroll must apply fixed fortnightly contributions for lower and some mid wages and percentage-based contributions (3% or 2%) for other salary bands; the contributions are deducted from employees' fortnightly pay.

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Superannuation (PSS) Productivity Contribution (2017-2018) Determination 2017

Superannuation (PSS)

Productivity Contribution

(2017-2018) Determination 2017

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I, STEPHEN PAUL WHITTON, Senior Manager, Quality, Knowledge and Change, 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 25 May 2017

S WHITTON

Delegate of Commonwealth Superannuation Corporation

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1 Name of Determination

This Determination is the Superannuation (PSS) Productivity Contribution (2017-2018) Determination 2017.

2 Commencement

This determination shall take effect on 1 July 2017.

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 2017, 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 $2,300.67 $69.02

$2,300.67 or more but less than The amount that is 3% of the

$3,706.00 employee’s fortnightly rate of

salary

$3,706.00 or more but less than $111.18

$5,559.00

$5,559.00 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 (2017-2018) Determination 2017

Superannuation (PSS)

Productivity Contribution

(2017-2018) Determination 2017

Dated 25 May 2017

S WHITTON

Delegate of Commonwealth Superannuation Corporation

1 Name of Determination

This Determination is the Superannuation (PSS) Productivity Contribution (2017-2018) Determination 2017.

2 Commencement

This determination shall take effect on 1 July 2017.

3 Productivity Contributions

Table

Fortnightly rate of salary Fortnightly productivity

contribution

Less than $2,300.67 $69.02

$2,300.67 or more but less than The amount that is 3% of the

$3,706.00 employee’s fortnightly rate of

salary

$3,706.00 or more but less than $111.18

$5,559.00

$5,559.00 or more The amount that is 2% of the

employee’s fortnightly rate of

salary