Superannuation Guarantee (Administration) Act 1992
PART 3
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LIABILITY OF EMPLOYERS OTHER THAN THE COMMONWEALTH AND TAX-EXEMPT COMMONWEALTH AUTHORITIES TO PAY SUPERANNUATION GUARANTEE CHARGE
Division 2
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Superannuation guarantee charge payable by employers
Subdivision D
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Notional earnings and administrative uplift
SECTION 19A
INDIVIDUAL NOTIONAL EARNINGS COMPONENT
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SUM OF AN AMOUNT FOR EACH DAY THAT THE INDIVIDUAL FINAL SUPERANNUATION GUARANTEE SHORTFALL IS GREATER THAN NIL
19A(1)
The employer ' s individual notional earnings component for the employee and the QE day is the sum of each amount worked out under subsection (2) for each day that: (a) is during the late period for the QE day; and (b) is a day on which the employer ' s individual final superannuation guarantee shortfall for the employee and the QE day is greater than nil.
19A(2)
For a day referred to in subsection (1) for the QE day, work out:
(a) the employer ' s individual base superannuation guarantee shortfall for the employee and the QE day; and
(b) the amount worked out under this subsection for each earlier day referred to in subsection (1) for the QE day.
View history note
Hide history noteThe employer ' s individual notional earnings component for the employee and the QE day is the sum of each amount worked out under subsection (2) for each day that: (a) is during the late period for the QE day; and (b) is a day on which the employer ' s individual final superannuation guarantee shortfall for the employee and the QE day is greater than nil.
Note:
Subsection 36(3) may affect the days that paragraph (b) applies to.
19A(2)
For a day referred to in subsection (1) for the QE day, work out:
Notional sum × General interest charge rate
where:
general interest charge rate
has the same meaning as in section
8AAD
of the
Taxation Administration Act 1953
.
notional sum
means the sum of:
(a) the employer ' s individual base superannuation guarantee shortfall for the employee and the QE day; and
(b) the amount worked out under this subsection for each earlier day referred to in subsection (1) for the QE day.
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