• Employers affected by disaster

    We understand people and businesses affected by disasters may have difficulty paying their super guarantee contributions on time. We make every effort to help employers who have been impacted by disasters.

    If you're located in a disaster affected area, or are directly impacted by a natural disaster we understand you may be unable to make your quarterly super guarantee contributions payment by the due date. If this is the case, we advise you to pay the required contributions into your employee’s super accounts as soon as possible.

    You should also pay an additional amount of interest to compensate your employees for the lost earnings on that contribution for the period between when it was due and when it was actually paid. We consider an appropriate interest rate to be 10%.

    If you make a prompt payment and have a good compliance history we will take this into account when considering whether any further action is required.

    Calculating SG contributions if your records are lost or damaged

    If your records are lost or damaged in a disaster, we recommend you make an estimate of super guarantee contributions using old records. You might get them from:

    • your employees
    • your bank
    • the super funds you pay contributions to
    • records of PAYG payments you've made (which we hold).

    You should discuss how you are going to make this estimate with your employees, both because they might be able to help with records and because they should understand how you're calculating their super payments.

    If you're winding up your business as a result of a disaster, you'll still need to pay your outstanding super obligations for your employees before you finish up. We advise you to pay the required contributions into your employee’s super accounts as soon as possible.

    You should also pay an additional amount of interest to compensate your employees for the lost earnings on that contribution for the period between when it was due and when it was actually paid. We consider an appropriate interest rate to be 10%.

    If you are unable to pay then you must lodge a Superannuation guarantee charge statement – quarterly as soon as possible.

    Last modified: 18 Apr 2017QC 44709