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Statutory Rules 1995   No. 1731
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Superannuation (CSS) Productivity Contribution (1995-96) Declaration

I, KIM CHRISTIAN BEAZLEY, Minister for Finance, make the following Declaration under section 110D of the Superannuation Act 1976.

Dated 19 June 1995.

KIM C. BEAZLEY
Minister for Finance

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Citation

 1. This Declaration may be cited as the Superannuation (CSS) Productivity Contribution (1995-96) Declaration.

[NOTE: This Declaration commences on gazettal: see Acts Interpretation Act 1901, ss. 46A and 48.]

Productivity contributions

 2. In relation to the financial year commencing on 1 July 1995, the Table in subsection 110C (1) of the Superannuation Act 1976 is to have effect 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 $985.33                           $29.56

$985.33 or more, but less than $1,587.33    The amount that is 3% of the employee's fortnightly rate of salary

$1,587.33 or more, but less than $2,381.00  $47.62

$2,381.00 or more                           The amount that is 2% of the employee's fortnightly rate of salary

NOTE

1. Notified in the Commonwealth of Australia Gazette on 30 June 1995.