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 2024-2025 Financial Year
| Weekly rate of salary | Weekly contribution |
|---|---|
| Less than $117.65^ | $13.53 |
| $117.65 or more but less than $5,005.38* | The amount that is 11.5%** of the employee's weekly rate of salary |
| $5,005.38 or more | $575.62 |
| ^Per the Superannuation (Productivity Benefit) (Continuing Contributions) Declaration 2013 *Superannuation Guarantee quarterly maximum contribution base divided by 13 ** Superannuation Guarantee charge percentage for Financial Year 2024-25 | |
| First Interest Factor | Second Interest Factor | Penalty Interest |
|---|---|---|
| 4.41% | 4.41% | 6.41% |
Recent Rates
PB Act Continuing Contribution Rates
| Weekly rate of salary | Weekly contribution |
|---|---|
| Less than $123.00 | $13.53 |
| $123.00 or more but less than $4,790.00 | The amount that is 11.0% of the employee's weekly rate of salary |
| $4,790.00 or more | $526.90 |
| Weekly rate of salary | Weekly contribution |
|---|---|
| Less than $128.86 | $13.53 |
| $128.86 or more but less than $4,632.31 | The amount that is 10.5% of the employee's weekly rate of salary |
| $4,632.31 or more | $486.39 |
| Weekly rate of salary | Weekly contribution |
|---|---|
| Less than $135.30 | $13.53 |
| $135.30 or more but less than $4,532.31 | The amount that is 10% of the employee's weekly rate of salary |
| $4,532.31 or more | $453.23 |
| Weekly rate of salary | Weekly contribution |
|---|---|
| Less than $142.42 | $13.53 |
| $142.42 or more but less than $4,391.54 | The amount that is 9.5% of the employee's weekly rate of salary |
| $4,391.54 or more | $417.20 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| Financial Year | First Interest Factor | Second Interest Factor | Penalty Interest |
|---|---|---|---|
| 2023-2024 | 3.61% | 3.61% | 5.61% |
| 2022-2023 | 3.35% | 3.35% | 5.35% |
| 2021-2022 | 1.61% | 1.61% | 3.61% |
| 2020-2021 | 0.90% | 0.90% | 2.90% |
| 2019-2020 | 1.46% | 1.46% | 3.46% |
| 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% |
