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

Schedule 1   Amendments

Part 3   Application and transitional provisions

186   Transitional - how to apply contributions made between 1 July 2026 and 28 July 2026

(1) This item applies to an eligible contribution made by an employer for the benefit of an employee if:

(a) the contribution is made on a day (the contribution day ) between 1 July 2026 and 28 July 2026; and

(b) under the old Act (as in force on 30 June 2026), the employer has on the contribution day an individual superannuation guarantee shortfall that is greater than nil for the employee for the quarter ending on 30 June 2026.

First apply the contribution under the old Act

(2) Without limiting subitem 182(3) of this Schedule, the old Act (as in force on 30 June 2026) continues to apply on and after 1 July 2026 in relation to the contribution in order to reduce the charge percentage for the employer for the employee for that quarter.

Then apply any remainder under the new Act

(3) Despite subsection 18C(1) of the new Act, only so much of the contribution as is not applied under the old Act in the way described in subitem (2) is able to be applied under that subsection for a QE day that is on or after 1 July 2026.