Changes to the super guarantee

In the 2014-15 Federal Budget, the Treasurer announced the government’s intention to change the schedule for increasing the super guarantee (SG) rate to 12%.

The SG rate increased from 9.25% to 9.5% from 1 July 2014 as currently legislated. The Government amendments to the legislation mean that the rate will remain at 9.5% until 30 June 2021 and then increase by 0.5 percentage points each year until it reaches 12%.

Legislation and supporting material

On 5 September 2014, the Minerals Resource Rent Tax Repeal and Other Measures Act 2014External Link received Royal Assent.

Media release

For more information, refer to:

More information

For more information refer to:

    Last modified: 08 Oct 2014QC 27242