Superannuation (Productivity Benefit) 1998-99 Continuing Contributions Declaration

This Declaration may be cited as the Superannuation (Productivity Benefit) 1998-99 Continuing Contributions Declaration.

Note This Declaration commences on gazettal: see Acts Interpretation Act 1901, ss 46A and 48.

Substitution of Amounts

For Section 3D of the Superannuation (Productivity Benefit) Act 1988, the table in the Schedule to that Act is to have effect, for the financial year starting on 1 July 1998, as if the amounts set out in the following table were substituted for the amounts set out in the table in that Schedule:

TABLE

Pay period rate of salary

Pay period contribution

Less than $193.28

$13.53

$193.28 or more but less than $1883.08

The amount that is 7% of the employee’s pay period rate of salary

$1883.08 or more

$131.82

NOTE

Notified in the Commonwealth of Australia Gazette on 29 June 1998.