Superannuation (CSS) Productivity Contribution (1998-99) Declaration (Cth)

Statutory Rules 1998 No. 1311 __________________

Superannuation (CSS) Productivity Contribution (1998-99) Declaration

I, SANDRA KAY WILSON, Assistant Secretary of the Commonwealth Superannuation Group, Department of Finance and Administration, a delegate of the Minister for Finance and Administration, hereby make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 5 June 1998.

Sandra Wilson Delegate of the Minister for Finance and Administration

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1. Citation 1.1 This Declaration may be cited as the Superannuation (CSS) Productivity Contribution (1998-99) Declaration.

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

2. Productivity contributions 2.1 In relation to the financial year commencing on 1 July 1998, 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 $1,072.00 $32.16

$1,072.00 or more, but less than $1,728.00 The amount that is 3% of the employee's fortnightly rate of salary $1,728.00 or more, but less than $2,592.00 $51.84 $2,592.00 or more The amount that is 2% of the employee's fortnightly rate of salary

NOTE

1. Notified in the Commonwealth of Australia Gazette on 15 June 1998.