House of Representatives
Treasury Laws Amendment (Payday Superannuation) Bill 2025
Superannuation Guarantee Charge Amendment Bill 2025
Explanatory Memorandum
(Circulated by authority of the Assistant Treasurer and Minister for Financial Services, the Hon Dr Daniel Mulino MP)Glossary
This Explanatory Memorandum uses the following abbreviations and acronyms.
| Abbreviation | Definition |
| ATO | Australian Taxation Office |
| Commissioner | Commissioner of Taxation |
| DBS | defined benefit superannuation |
| GIC | General Interest Charge |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| MCB | maximum contributions base |
| OTE | ordinary time earnings |
| QE day | qualifying earnings day |
| RSA | Retirement Savings Account |
| SG | superannuation guarantee |
| SGA Act | Superannuation Guarantee (Administration) Act 1992 |
| SGC Act | Superannuation Guarantee Charge Act 1992 |
| SIS Act | Superannuation Industry (Supervision) Act 1993 |
| TAA 1953 | Taxation Administration Act 1953 |
| The Bill | Treasury Laws Amendment (Payday Superannuation) Bill 2025 |