Federal Register of Legislation
Superannuation (PSS) Productivity Contribution (2020-2021) Determination 2020
I, PETER CARRIGY-RYAN, Chief Executive Officer and Delegate of Commonwealth Superannuation Corporation, pursuant to rule 4.3.3 of the PSS Rules, in the Schedule to the Deed in force under section 4 of the Superannuation Act 1990, DETERMINE as follows:
Dated 9 June 2020
P CARRIGY-RYAN Delegate of Commonwealth Superannuation Corporation
1 Name of Determination
This Determination is the Superannuation (PSS) Productivity Contribution (2020-2021) Determination 2020.
2 Commencement
This determination commences on 1 July 2020.
3 Productivity Contributions
For Rule 4.3.3 of the PSS Rules, the table in Rule 4.3.2 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
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate