Superannuation Guarantee (Administration) Act 1992

Div 2 heading inserted by No 57 of 2025, s 3 and Sch 1 item 12, effective 1 July 2026. For application and transitional provisions, see note under s 16 .

Subdiv C heading inserted by No 57 of 2025, s 3 and Sch 1 item 12, effective 1 July 2026. For application and transitional provisions, see note under s 16 .

S 18 inserted by No 57 of 2025, s 3 and Sch 1 item 12, effective 1 July 2026. For application and transitional provisions, see note under s 16 .

S 18 repealed by No 51 of 2002, s 3 and Sch 1 item 47, effective 1 July 2003. For application and transitional provisions, see note under s 5(3). S 18 formerly read:

SECTION 18 INDIVIDUAL SUPERANNUATION GUARANTEE SHORTFALL FOR 1992-93  
18(1)
An employer ' s individual superannuation guarantee shortfall in respect of an employee for the 1992-93 year is the sum of the employer ' s half-yearly shortfalls in respect of that employee for that year.

18(2)
An employer ' s half-yearly shortfall in respect of an employee for a half-year is the amount worked out using the formula:

Total salary or wages paid by the employer to the employee for the half-year

×

Charge percentage for the employer for                   the half-year                     100

where:

' Charge percentage for the employer for the half-year ' means the number ascertained in relation to that employer and that half-year according to section 20 or 21 or that number as reduced, in respect of the employee, by section 22 or 23 , as the case may be.

18(3)
If the total salary or wages paid by an employer to an employee in a half-year exceeds the maximum contribution base for the contribution period that corresponds to that half-year, the total salary or wages to be taken into account for the purposes of the application of subsection (2) in relation to the half-year is the amount equal to the maximum contribution base.

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History

S 18(3) inserted by No 208 of 1992.