S 31 repealed by No 57 of 2025, s 3 and Sch 1 item 46, effective 1 July 2026. For application and transitional provisions, see note under s
16
. S 31 formerly read:
SECTION 31 NOMINAL INTEREST COMPONENT
31
The nominal interest component in relation to an employer for a quarter is the amount that would accrue by way of interest on the total of the employer
'
s individual superannuation guarantee shortfalls for the quarter if interest were calculated at the rate applicable under the regulations for the purposes of this subsection from the beginning of the quarter in question until the date on which superannuation guarantee charge in relation to the total would be payable under this Act.
S 31 amended by
No 58 of 2006
, s 3 and Sch 7 items 129 and 130, by substituting
"
this Act
"
for
"
section 46
"
, effective 22 June 2006.
S 31 amended by No 51 of 2002, s 3 and Sch 1 item 131, by substituting ``quarter'' for ``year'' (wherever occurring), effective 1 July 2003. For application and transitional provisions, see note under s 5(3).
S 31(1) amended by No 181 of 1994.
S 31(2) omitted by No 181 of 1994