Superannuation (CSS)

Productivity Contribution

(2024-2025) Declaration 2024

 

 

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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

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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

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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

This object is purely decorative and does not contribute to the content of this instrument. The object is just a line break.