Superannuation (CSS)

Productivity Contribution

(2022-2023) Declaration 2022

I, ABBEY BROWNE, Senior Manager, Knowledge and Technical Advice, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated   7 June 2022

A BROWNE
Delegate of Commonwealth Superannuation Corporation

1 Name of Declaration

This Declaration is the Superannuation (CSS) Productivity Contribution (2022-2023) Declaration 2022.

2 Commencement

 This Declaration shall take effect on 1 July 2022.

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 2022, 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 $2,624.00    $78.72

$2,624.00 or more but less than   The amount that is 3% of the

$4,226.67     employee’s fortnightly rate of

      salary

$4,226.67 or more but less than  $126.80

$6,340.00

$6,340.00 or more    The amount that is 2% of the

      employee’s fortnightly rate of

      salary