Superannuation (PSS) Productivity Contribution (2024-2025) Determination 2024

Superannuation (PSS)

Productivity Contribution

(2024-2025) Determination 2024

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I, ADAM NETTHEIM, Chief Customer Officer, 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 4 June 2024

A NETTHEIM

Delegate of Commonwealth Superannuation Corporation

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1 Name of Determination

This Determination is the Superannuation (PSS) Productivity Contribution (2024-2025) Determination 2024.

2 Commencement

This determination shall take effect on 1 July 2024.

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 2024, 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 $2,830.67 $84.92

$2,830.67 or more but less than The amount that is 3% of the

$4560.67 employee’s fortnightly rate of

salary

$4,560.67 or more but less than $136.82

$6,841.00

$6,841 or more The amount that is 2% of the

employee’s fortnightly rate of

salary

This line break is just meant to divide up table content and be decorative. There is no other purpose for this.