Arrangements Under the Superannuation (Productivity Benefit) Act 1988

The Superannuation (Productivity Benefit) Act 1988 (the PB Act) applies to most persons with no other employer-sponsored superannuation cover in respect of their Australian or ACT Government employment or appointment, but has been closed to new employees and statutory office holders (office holders) since 1 July 2006. Persons covered include certain casual and temporary employees, office holders and members of boards and commissions.

Participating employers are generally required to make contributions on behalf of employees and office holders covered by these arrangements, which are paid to one of the superannuation funds approved under the PB Act.

Australian Government employees and statutory office holders who commence employment or appointment on or after 1 July 2006 will be covered by choice of fund arrangements provided by their employers.

Archived Superannuation Circulars for 2005, 2006 and 2007 are available under Tools and templates.

Contribution and Interest Rates for the 2019-2020 Financial Year

PB Act Continuing Contribution Rates
Weekly rate of salary Weekly contribution
Less than $142.42 $13.53
$142.42 or more but less than $4,251.54 The amount that is 9.5% of the employee's weekly rate of salary
$4,251.54 or more $403.90
PB Act Interest Rates
First Interest Factor Second Interest Factor Penalty Interest
1.46% 1.46% 3.46%

Recent Rates

PB Act Continuing Contribution Rates

2018-19 Financial Year
Weekly rate of salary Weekly contribution
Less than $142.42 $13.53
$142.42 or more but less than $4,156.15 The amount that is 9.5% of the employee's weekly rate of salary
$4,156.15 or more $394.83
2017-18 Financial Year
Weekly rate of salary Weekly contribution
Less than $142.42 $13.53
$142.42 or more but less than $4,058.46 The amount that is 9.5% of the employee's weekly rate of salary
$4,058.46 or more $385.55
2016-17 Financial Year
Weekly rate of salary Weekly contribution
Less than $142.42 $13.53
$142.42 or more but less than $3,970.77 The amount that is 9.5% of the employee's weekly rate of salary
$3,970.77 or more $377.22
2015-16 Financial Year
Weekly rate of salary Weekly contribution
Less than $142.42 $13.53
$142.42 or more but less than $3,908.46 The amount that is 9.5% of the employee's weekly rate of salary
$3,908.46 or more $371.30
2014-15 Financial Year
Weekly rate of salary Weekly contribution
Less than $142.42 $13.53
$142.42 or more but less than $3,802.31 The amount that is 9.5% of the employee's weekly rate of salary
$3,802.31 or more $361.22
2013-14 Financial Year
Weekly rate of salary Weekly contribution
Less than $150.33 $13.53
$150.33 or more but less than $3,695.38 The amount that is 9.25% of the employee's weekly rate of salary
$3,695.38 or more $341.82
2012-13 Financial Year
Weekly rate of salary Weekly contribution
Less than $150.33 $13.53
$150.33 or more but less than $3,519.23 The amount that is 9% of the employee's weekly rate of salary
$3,519.23 or more $316.73
2011-2012 Financial Year
Weekly rate of salary Weekly contribution
Less than $150.33 $13.53
$150.33 or more but less than $3,370.77 The amount that is 9% of the employee's weekly rate of salary
$3,370.77 or more $303.37
2010-2011 Financial Year
Weekly rate of salary Weekly contribution
Less than $150.33 $13.53
$150.33 or more but less than $3,247.69 The amount that is 9% of the employee's weekly rate of salary
$3,247.69 or more $292.29
2009-2010 Financial Year
Weekly rate of salary Weekly contribution
Less than $150.33 $13.53
$150.33 or more but less than $3,090.00 The amount that is 9% of the employee's weekly rate of salary
$3,090.00 or more $278.10
2008-2009 Financial Year
Weekly rate of salary Weekly contribution
Less than $150.33 $13.53
$150.33 or more but less than $2,936.92 The amount that is 9% of the employee's weekly rate of salary
$2,936.92 or more $264.32
PB Act Interest Rates
Financial Year First Interest Factor Second Interest Factor Penalty Interest
2018-2019 2.67% 2.67% 4.67%
2017-2018 2.39% 2.39% 4.39%
2016-2017 2.30% 2.30% 4.30%
2015-2016 2.73% 2.73% 4.73%
2014-2015 3.66% 3.66% 5.66%
2013-2014 3.36% 3.36% 5.36%
2012-2013 3.67% 3.67% 5.67%
2011-2012 5.40% 5.40% 7.40%
2010-2011 5.71% 5.71% 7.71%
2009-2010 4.57% 4.57% 6.57%
2008-2009 6.29% 6.29% 8.29%

 


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