SME Communicator - August 2011

Cut-off date for superannuation

Meeting your employer superannuation obligations is an important part of running your business.

All compulsory superannuation guarantee contributions must be made by the quarterly deadlines listed in the table below.

Quarter	Period	Payment cut-off date
1	1 July - 30 September	28 October
2	1 October - 31 December	28 January
3	1 January - 31 March	28 April
4	1 April - 30 June	28 July

If you miss the superannuation guarantee quarterly deadline, you must submit a Superannuation guarantee charge statement - quarterly to us.

The superannuation guarantee charge is a charge you have to pay to us if you:

• do not pay enough super contributions (at least 9%) for your eligible employees
• do not pay super contributions for the quarter at all
• do not pay super to the employee's chosen super fund
• pay a super contribution to a fund after the cut-off date for payment.

Obtain a copy of the Superannuation guarantee charge statement - quarterly. Use the Superannuation guarantee charge statement and calculator tool to calculate your liability and prepare the statement to be lodged with us.

Offsetting the superannuation guarantee charge

If you make a super contribution to an employee's super fund after the cut-off date, you may be able to offset this late payment against your superannuation guarantee charge liability. This is called the superannuation guarantee late payment offset.

Employers can elect to apply the late payment offset when the late payment for an employee is made into a complying super fund before the superannuation guarantee charge assessment for the quarter is made.

For more on employer super obligations, visit Employers superannuation - home.