Superannuation (CSS) Productivity Contribution (2020-2021) Declaration 2020

This Declaration is the Superannuation (CSS) Productivity Contribution (2020-2021) Declaration 2020.

This Declaration commences on 1 July 2020.

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 2020, 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 $2,488.67 $74.66

$2,488.67 or more but less than The amount that is 3% of the

$4,009.33 employee's fortnightly rate of salary

$4,009.33 or more but less than $120.28

$6,014.00

$6,014.00 or more The amount that is 2% of the employee's fortnightly rate of salary