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Changes to the super guarantee

 
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Warning: This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

The Superannuation Guarantee (Administration) Amendment Act 2012 received royal assent on 29 March 2012. In the legislation:

  • the superannuation guarantee (SG) rate will gradually increase from 9% to 12% between 1 July 2013 and 1 July 2019
  • the SG age limit of 70 will be removed from 1 July 2013, and employers will be required to contribute to complying super funds of eligible mature age employees 70 years old and older.

Media release

For more information, see the Treasurer's and Prime Minister's joint media release Stronger, fairer, simpler: a tax plan for our future.

Legislation and supporting material

The following legislation received royal assent on 29 March 2012:

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For more information on the government's 2010-11 Federal Budget, refer to:

Last Modified: Monday, 25 March 2013
 
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