Commonwealth legislation

Superannuation (PSS) Productivity Contribution (2022-2023) Determination 2022

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This Determination updates the fortnightly "productivity contribution" amounts used under the PSS Rules for the 2022–23 financial year, substituting a four-band schedule of fixed dollar amounts or percentage-based amounts tied to fortnightly salary (effective 1 July 2022). It affects members of the PSS and the employers/payroll units that must apply and remit those contribution amounts. The Determination is made by a Commonwealth Superannuation Corporation delegate under rule 4.3.3.

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Superannuation (PSS) Productivity Contribution (2022-2023) Determination 2022

Superannuation (PSS)

Productivity Contribution

(2022-2023) Determination 2022

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I, ABBEY BROWNE, Senior Manager, Knowledge and Technical Advice, 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 7 June 2022

A BROWNE

Delegate of Commonwealth Superannuation Corporation

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1 Name of Determination

This Determination is the Superannuation (PSS) Productivity Contribution (2022-2023) Determination 2022.

2 Commencement

This determination shall take effect on 1 July 2022.

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 2022, 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 $2,624.00 $78.72

$2,624.00 or more but less than The amount that is 3% of the

$4,226.67 employee’s fortnightly rate of

salary

$4,226.67 or more but less than $126.80

$6,340.00

$6,340.00 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 (2022-2023) Determination 2022

Superannuation (PSS)

Productivity Contribution

(2022-2023) Determination 2022

Dated 7 June 2022

A BROWNE

Delegate of Commonwealth Superannuation Corporation

1 Name of Determination

This Determination is the Superannuation (PSS) Productivity Contribution (2022-2023) Determination 2022.

2 Commencement

This determination shall take effect on 1 July 2022.

3 Productivity Contributions

Table

Fortnightly rate of salary Fortnightly productivity

contribution

Less than $2,624.00 $78.72

$2,624.00 or more but less than The amount that is 3% of the

$4,226.67 employee’s fortnightly rate of

salary

$4,226.67 or more but less than $126.80

$6,340.00

$6,340.00 or more The amount that is 2% of the

employee’s fortnightly rate of

salary