Federal Register of Legislation
Superannuation (CSS) Productivity Contribution (2024-2025) Declaration 2024
I, ADAM NETTHEIM, Chief Customer Officer, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.
Dated 04 June 2024
A NETTHEIM Delegate of Commonwealth Superannuation Corporation
1 Name of Declaration
This Declaration is the Superannuation (CSS) Productivity Contribution (2024-2025) Declaration 2024.
2 Commencement
This Declaration shall take effect on 1 July 2024.
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 2024, 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 $2,830.67 $84.92
$2,830.67 or more but less than The amount that is 3% of the $4,560.67 employee's fortnightly rate of salary
$4,560.67 or more but less than $136.82 $6,841.00
$6,841.00 or more The amount that is 2% of the employee's fortnightly rate of salary
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