Superannuation (CSS) Productivity Contribution (1997-98) Declaration

This Declaration may be cited as the Superannuation (CSS) Productivity Contribution (1997-98) 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 1997, 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 $1,034.67

$31.04

$1,034.67 or more, but less than $1,667.33

The amount that is 3% of the employee’s fortnightly rate of salary

$1,667.33 or more, but less than $2,501.00

$50.02

$2,501.00 or more

The amount that is 2% of the employee’s fortnightly rate of salary

NOTE

Notified in the Commonwealth of Australia Gazette on 25 June 1997.