Superannuation Guarantee Ruling

SGR 94/1W

Superannuation guarantee: Earnings bases

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Notice of Withdrawal

Superannuation Guarantee Ruling SGR 94/1 is withdrawn with effect from today.

1. This Ruling explained what an earnings base is for the purposes of the Superannuation Guarantee (Administration) Act 1992 (SGAA).

2. Prior to 1 July 2008, scope existed for certain employers to determine their superannuation guarantee (SG) obligations by reference to various earnings bases.

3. From 1 July 2008, employers are required to determine their SG obligations by reference to 'ordinary time earnings', as it is defined in the SGAA. SG obligations can no longer be determined by reference to any other earnings bases.

4. Superannuation Guarantee Ruling SGR 94/4 discusses 'ordinary time earnings' for the purposes of the SGAA.

Commissioner of Taxation
30 July 2008

References

ATO references:
NO 2006/20258

Subject References:
default earnings base
earnings base
flat dollar amounts
maximum contributions base
standard employee

Legislative References:
SGAA 13
SGAA 14
SGAA 15
SGAA 25A