Superannuation Guarantee (Administration) Act 1992
(Repealed by No 57 of 2025)
View history note
Hide history noteS 15 repealed by No 57 of 2025, s 3 and Sch 1 item 40, effective 1 July 2026. For application and transitional provisions, see note under s
16
. S 15 formerly read:
S 15(1) substituted for s 15(1) and (2) by No 51 of 2002, s 3 and Sch 1 item 41, effective 1 July 2003. For application and transitional provisions, see note under s 5(3). S 15(1) formerly read: S 15(1) substituted for s 15(1) and (2) by No 51 of 2002, s 3 and Sch 1 item 41, effective 1 July 2003. For application and transitional provisions, see note under s 5(3). S 15(2) formerly read:
S 15(2) amended by No 208 of 1992.
SECTION 15 INTERPRETATION: MAXIMUM CONTRIBUTION BASE
15(1)
The maximum contribution base for a quarter in the 2001-02 year is
$
27,510.
15(1)
The maximum contribution base for a contribution period in the 1992-93 year is
$
40,000.
15(2)
(Repealed by No 51 of 2002)
15(2)
The maximum contribution base for a contribution period in the 1993-94 year is the amount worked out using the formula:
$
40,000
×
Indexation factor for the 1993
-
94 year
2.
15(3)
The maximum contribution base for a quarter in any later year is the amount worked out using the formula:
Maximum contribution base for
a quarter in the immediately
preceding year×
Indexation factor
for the year
[ CCH Note: From 1997/98, the maximum contribution base for a quarter/contribution period is:
| 1997/98 | $ 23,630 | 2012/13 | $ 45,750 |
| 1998/99 | $ 24,480 | 2013/14 | $ 48,040 |
| 1999/2000 | $ 25,240 | 2014/15 | $ 49,430 |
| 2000/01 | $ 26,300 | 2015/16 | $ 50,810 |
| 2001/02 | $ 27,510 | 2016/17 | $ 51,620 |
| 2002/03 | $ 29,220 | 2017/18 | $ 52,760 |
| 2003/04 | $ 30,560 | 2018/19 | $ 54,030 |
| 2004/05 | $ 32,180 | 2019/20 | $ 55,270 |
| 2005/06 | $ 33,720 | 2020/21 | $ 57,090 |
| 2006/07 | $ 35,240 | 2021/22 | $ 58,920 |
| 2007/08 | $ 36,470 | 2022/23 | $ 60,220 |
| 2008/09 | $ 38,180 | 2023/24 | $ 62,270 |
| 2009/10 | $ 40,170 | 2024/25 | $ 65,070 |
| 2010/11 | $ 42,220 | 2025/26 | $ 62,500] |
| 2011/12 | $ 43,820 |
S 15(3) amended by No 51 of 2002, s 3 and Sch 1 items 42 and 43, by substituting " quarter " for " contribution period " (first occurring) and substituting the formula, effective 1 July 2003. For application and transitional provisions, see note under s 5(3). The formula formerly read:
| " Maximum contribution base for a contribution period in the immediately preceding year | × | Indexation
factor for the year " |
15(4)
Amounts calculated under subsection (3) must be rounded to the nearest 10 dollar multiple (rounding 5 dollars upwards).
S 15(4) amended by No 51 of 2002, s 3 and Sch 1 item 44, by omitting " (2) or " , effective 1 July 2003. For application and transitional provisions, see note under s 5(3).
15(5)
Despite subsections (3) and (4), the maximum contribution base for a quarter in the 2017-18 year or any later year is the amount worked out using the following formula, if that amount is less than the amount worked out under those subsections:
| Concessional contributions cap | × | 100 | × | 1 | ||
| Charge percentage | 4 |
where:
charge percentage
is the number specified in subsection 19(2) for the quarter.
concessional contributions cap
is the basic concessional contributions cap, within the meaning of the
Income Tax Assessment Act 1997
, for the financial year in which the quarter occurs.
Definition of " concessional contributions cap " amended by No 55 of 2017, s 3 and Sch 1 item 22, by substituting " the basic concessional " for " the concessional " , effective 1 July 2017 and applicable in relation to working out the concessional contributions cap for the 2019/20 financial year and later financial years.
S 15(5) inserted by No 81 of 2016, s 3 and Sch 2 item 21, effective 1 January 2017.
15(6)
Amounts calculated under subsection (5) must be rounded down to the nearest 10 dollar multiple.
S 15(6) inserted by No 81 of 2016, s 3 and Sch 2 item 21, effective 1 January 2017.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.