Federal Register of Legislation
Superannuation (CSS) Productivity Contribution (2020-2021) Declaration 2020
I, ADAM SCOTT NETTHEIM, Head of Customer Operations and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.
Dated 5 June 2020
A NETTHEIM Delegate of Commonwealth Superannuation Corporation
1 Name of Declaration
This Declaration is the Superannuation (CSS) Productivity Contribution (2020-2021) Declaration 2020.
2 Commencement
This Declaration commences on 1 July 2020.
3 Productivity Contributions
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
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