Treasury Laws Amendment (Payday Superannuation) Act 2025 (57 of 2025)

Schedule 1   Amendments

Part 1   Amendment of the Superannuation Guarantee (Administration) Act 1992

Division 1   Main amendments

Superannuation Guarantee (Administration) Act 1992

14   Sections 33 to 35

Repeal the sections, substitute:

33 Voluntary disclosure statements

(1) An employer who has a superannuation guarantee shortfall for a QE day may lodge a statement about that shortfall.

(2) The statement is a voluntary disclosure statement if it:

(a) is lodged before the day an assessment is made for the employer for the QE day; and

(b) is in the approved form.

Note: A statement is voluntary. Lodging a statement in the approved form can reduce the employer's administrative uplift amount of the employer's superannuation guarantee shortfall for the QE day (see subsection 19B(3)).

(3) Without limiting subsection (2), the voluntary disclosure statement may include either or both of the following:

(a) the day (the receipt day ) an eligible contribution made by the employer for the benefit of an employee was received by the relevant fund, RSA, representative or scheme;

(b) the day (the payment day ) the contribution was paid, or debited, from an account (however described) belonging to:

(i) the employer; or

(ii) a person who is making the contribution on behalf of the employer.

(4) In this section:

account includes an account held with an ADI (within the meaning of the Banking Act 1959).