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 E - Loading for failing to comply with choice of fund requirements  

SECTION 20C   LIMIT ON CHOICE LOADING FOR THE QE DAY  

20C(1)    
The choice loading limit for the QE day (the current QE day ) is $ 1,200.

20C(2)    
However, this amount is reduced (but not below nil) by the amount equal to 25% of the sum of any other eligible contributions:

(a)    made by the employer for the benefit of the employee; and

(b)    to which subsection 20A(2) or (3) applies for any earlier QE day for the employer and employee during the notice period that includes the current QE day.

20C(3)    
In this section:

notice period
means the period:

(a) beginning on the latest of:

(i) the day the employee ' s employment with the employer starts; and

(ii) the day after the end of the immediately preceding notice period for the employer and the employee; and

(iii) 1 July 2026; and

(b) ending on the day the Commissioner gives the employer written notice that the employer ' s notice period for the employee has ended.