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Superannuation (CSS)
Productivity Contribution
(2020-2021) Declaration 2020

I, ADAM SCOTT NETTHEIM, Head of Customer Operations and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated   5 June 2020

A NETTHEIM
Delegate of Commonwealth Superannuation Corporation

1 Name of Declaration

    This Declaration is the Superannuation (CSS) Productivity Contribution (2020-2021) Declaration 2020.

2 Commencement

 This Declaration commences on 1 July 2020.

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 2020, 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 $2,488.67    $74.66

    $2,488.67 or more but less than   The amount that is 3% of the
    $4,009.33     employee's fortnightly rate of
          salary

    $4,009.33 or more but less than  $120.28
    $6,014.00

    $6,014.00 or more    The amount that is 2% of the
          employee's fortnightly rate of
          salary