s 1Citation
This Declaration may be cited as the Superannuation (CSS) Productivity Contribution (1996-97) Declaration.
[NOTE: This Declaration commences on gazettal: see Acts Interpretation Act 1901, ss. 46A and 48.]
Productivity contributions
This Declaration may be cited as the Superannuation (CSS) Productivity Contribution (1996-97) Declaration.
[NOTE: This Declaration commences on gazettal: see Acts Interpretation Act 1901, ss. 46A and 48.]
Productivity contributions
In relation to the financial year commencing on 1 July 1996, the Table in subsection 110C (1) of the Superannuation Act 1976 is to have effect 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
Less than $1,014.67
$30.44
$1,014.67 or more, but less than $1,634.67
The amount that is 3% of the employee’s fortnightly rate of salary
$1,634.67 or more, but less than $2,452.00
$49.04
$2,452.00 or more
The amount that is 2% of the employee’s fortnightly rate of salary
NOTE
Notified in the Commonwealth of Australia Gazette on 28 June 1996.