Superannuation Guarantee (Administration) Act 1992
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Hide history noteThis section applies if there is only one benefiting employee.
64A(2)
The shortfall component for the payment is the lesser of the following amounts: (a) the amount of the payment; (b) the amount of the employee entitlement, calculated at the time when the payment is made (see subsection (3) ).
64A(3)
The employee entitlement , calculated at a particular time, is the sum of the following amounts: (a) the individual superannuation guarantee shortfall for the employee for the quarter; (b) any general interest charge, in respect of non-payment of superannuation guarantee charge payable on that shortfall, that has been paid by, or is payable at, the particular time; (c) any nominal interest component for the quarter that has been paid by, or is payable at, the particular time;
reduced (but not below zero) by the amounts of any previous payments to which this Part applies that relate to the same quarter, employer and employee.
[ CCH Note: S 64A(3) will be substituted by No 57 of 2025, s 3 and Sch 1 item 19, effective 1 July 2026. For application and transitional provisions, see note under s 16 . S 64A(3) will read:
]
64A(3)
The employee entitlement , calculated at a particular time in relation to the assessment, is the sum of the following amounts:
(a) the employer ' s individual final superannuation guarantee shortfall for the employee and the QE day specified in the assessment;
(b) the employer ' s individual notional earnings component for the employee and the QE day;
(c) the employer ' s choice loading for the employee and the QE day;
(d) so much of any general interest charge as:
(i) relates to non-payment of superannuation guarantee charge payable in relation to the amounts in paragraphs (a) , (b) and (c) ; and
(ii) has been paid by, or is payable at, the particular time;reduced (but not below zero) by the amounts of any previous payments to which this Part applies that relate to the QE day, employer and employee.
Note:
The employee ' s entitlement does not include so much of any general interest charge as relates to the employer ' s administrative uplift amount for the QE day (see subparagraph (d)(i) ).
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