Superannuation Guarantee (Administration) Act 1992

PART 3 - LIABILITY OF EMPLOYERS OTHER THAN THE COMMONWEALTH AND TAX-EXEMPT COMMONWEALTH AUTHORITIES TO PAY SUPERANNUATION GUARANTEE CHARGE  

Division 2 - Superannuation guarantee charge payable by employers  

Subdivision B - Individual superannuation guarantee amounts arise if qualifying earnings are paid etc.  

SECTION 17A   WHEN AN INDIVIDUAL SUPERANNUATION GUARANTEE AMOUNT ARISES  

17A(1)    
This Subdivision applies if an employer makes a payment of qualifying earnings to or for an employee on a particular day (the QE day ).

Note:

This includes reducing the employee ' s earnings so that a sacrificed contribution can be made for the employee (see paragraphs 10A(1)(h) and (4)(b) ).

17A(2)    
On the QE day, the employer has an individual superannuation guarantee amount for the employee equal to:

	Amount of the qualifying earnings	×	Charge percentage
			100

where:

amount of the qualifying earnings
means:

(a) if there is one such payment - the amount of the payment; or

(b) if there are 2 or more such payments - the sum of the amounts of the payments.

Note:

If the payment of qualifying earnings is in the form of a reduction so that a sacrificed contribution can be made, the amount of the payment is the amount of the reduction (see paragraph 10A(1)(h) ).

charge percentage
means 12.