• You paid insufficient super to the correct fund before the cut-off date

    Example

    Bob Peters started employment with Cost Pty Ltd on 3 October 2009 and was employed for the rest of the quarter ended 31 December 2009.

    Cost Pty Ltd offered a choice of super fund to Bob and he chose Neat Superannuation Fund.

    Bob was entitled to $1,350 super contributions but Cost Pty Ltd only paid $900 to Neat Superannuation Fund (Bob's nominated fund) in December 2009 (before the cut-off date).

    Step 1 (A): Employee quarterly information

    Q1 How much super have you paid for this employee for the quarter (include on time and late payments)?

    Label A on the worksheet

    Q2 How much super did you pay by the cut-off date for this employee for the quarter?

    Label B on the worksheet

    Q3 How much super did you pay by the cut-off date to the employee's chosen fund for the quarter?

    Label C on the worksheet

    Do not include any contributions made to the employee's chosen fund where you charged your employee a direct cost for making contributions to the fund.

    Make sure you include any contributions you made within two months of your employee giving you details of their chosen fund, even if you paid them to a fund other than the employee's chosen fund

    Q4 What is the employee's total salary or wages for the quarter, limited to the maximum contribution base?

    Label D on the worksheet

    Q5 What is the employee's earnings base for the quarter, limited to the maximum contribution base?

    Label E on the worksheet

    Step 1 (B): Simple calculation of employee super guarantee shortfall

    For this example step 1 (B) is not required. Go to step 2.

    Step 2: Employee preparation calculations

    Work out the percentage of super guarantee contribution paid by the cut-off date.

    The percentage of super guarantee contribution paid by the cut-off date

    Since B = C go to step 3.

    Step 3: Employee super guarantee shortfall calculations

    Work out the employee's super guarantee shortfall (excluding choice).

    The employee's super guarantee shortfall (excluding choice)

    Since B = C there is no choice liability for this employee, I is zero.

    Steps 4 and 5: are not relevant to this example since there were no late payments

    Step 6: Transferring employee information

    Transfer the amount at H to question 15 and question 18 of the statement. If label I equals 0 for this employee, answer 'Yes' at question 16 of the statement, otherwise answer 'No'.

    End of example
    Last modified: 13 Sep 2016QC 17278