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Superannuation (CSS)
Productivity Contribution
(2023-2024) Declaration 2023

I, JARRED BROWN, Senior Manager, Governance & External Providers, Customer Operations, and Delegate of the Commonwealth Superannuation Corporation, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated   14 June 2023

J BROWN
Delegate of Commonwealth Superannuation Corporation

1 Name of Declaration

    This Declaration is the Superannuation (CSS) Productivity Contribution (2023-2024) Declaration 2023.

2 Commencement

 This Declaration shall take effect on 1 July 2023.

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 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