Superannuation (CSS) Productivity Contribution (2011-2012) Declaration 2011

This Declaration is the Superannuation (CSS) Productivity Contribution (2011-2012) Declaration 2011.

This Declaration shall take effect from and including 1 July 2011.

For section 110D of the Superannuation Act 1976, the table in subsection 110C(1) of that Act has effect, for the financial year starting on 1 July 2011, 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 $1,915.33 $57.46

$1,915.33 more, to under The amount that is 3% of the

$3,086.00 employee’s fortnightly rate of salary

$3,086.00 or more to under $92.58

$4,629.00

$4,629.00 or more The amount that is 2% of the employee’s fortnightly rate of salary