Federal Register of Legislation
Superannuation (CSS) Productivity Contribution (2023-2024) Declaration 2023
I, JARRED BROWN, Senior Manager, Governance & External Providers, Customer Operations, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.
Dated 14 June 2023
J BROWN Delegate of Commonwealth Superannuation Corporation
1 Name of Declaration
This Declaration is the Superannuation (CSS) Productivity Contribution (2023-2024) Declaration 2023.
2 Commencement
This Declaration shall take effect on 1 July 2023.
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 2023, 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 $2,710.00 $81.30
$2,710.00 or more but less than The amount that is 3% of the $4,366.00 employee's fortnightly rate of salary
$4,366.00 or more but less than $130.98 $6,549.00
$6,549.00 or more The amount that is 2% of the employee's fortnightly rate of salary
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