Commonwealth legislation

Superannuation (PSS) Productivity Contribution (2018-2019) Determination 2018

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legislative instrument

Plain English Summary

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This Determination replaces the table of fortnightly "productivity contribution" amounts used by the PSS for the 2018–2019 financial year, setting specific fixed amounts and salary‑percentage rates to be deducted from members' pay (clause 3). It takes effect 1 July 2018 (clause 2) and was made by a delegate of the Commonwealth Superannuation Corporation under rule 4.3.3 (heading and clause 1). The change alters how much members pay and how payroll must calculate and remit those contributions.

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Current sections

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Superannuation (PSS) Productivity Contribution (2018-2019) Determination 2018

Superannuation (PSS)

Productivity Contribution

(2018-2019) Determination 2018

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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 16 May 2018

S WHITTON

Delegate of Commonwealth Superannuation Corporation

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1 Name of Determination

This Determination is the Superannuation (PSS) Productivity Contribution (2018-2019) Determination 2018.

2 Commencement

This determination shall take effect on 1 July 2018.

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 2018, 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 $2,352.67 $70.58

$2,352.67 or more but less than The amount that is 3% of the

$3,790.00 employee’s fortnightly rate of

salary

$3,790.00 or more but less than $113.70

$5,685.00

$5,685.00 or more The amount that is 2% of the

employee’s fortnightly rate of

salary

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Source text

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

1 Superannuation (PSS) Productivity Contribution (2018-2019) Determination 2018

Superannuation (PSS)

Productivity Contribution

(2018-2019) Determination 2018

Dated 16 May 2018

S WHITTON

Delegate of Commonwealth Superannuation Corporation

1 Name of Determination

This Determination is the Superannuation (PSS) Productivity Contribution (2018-2019) Determination 2018.

2 Commencement

This determination shall take effect on 1 July 2018.

3 Productivity Contributions

Table

Fortnightly rate of salary Fortnightly productivity

contribution

Less than $2,352.67 $70.58

$2,352.67 or more but less than The amount that is 3% of the

$3,790.00 employee’s fortnightly rate of

salary

$3,790.00 or more but less than $113.70

$5,685.00

$5,685.00 or more The amount that is 2% of the

employee’s fortnightly rate of

salary