Superannuation (PSS)
Productivity Contribution
(2023-2024) Determination 2023
I, JARRED BROWN, Senior Manager, Governance & External Providers, Customer Operations, 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 14 June 2023
J BROWN
Delegate of Commonwealth Superannuation Corporation
1 Name of Determination
This Determination is the Superannuation (PSS) Productivity Contribution (2023-2024) Determination 2023.
2 Commencement
This determination shall take effect on 1 July 2023.
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 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