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

Schedule 1   Amendments

Part 3   Application and transitional provisions

189   Transitional - Norfolk Island salary or wages

(1) This item applies if:

(a) some or all of an employer's payment of qualifying earnings to or for an employee on a QE day consists of Norfolk Island salary or wages; and

(b) the QE day is in the financial year ending on 30 June 2027;

whether the payment of qualifying earnings relates to work done before, during or after that financial year.

(2) For the purposes of subsection 17A(2) of the new Act, treat the amount of the qualifying earnings for the employer, employee and the QE day as if it were reduced by the result of the following:

(3) In this item:

Norfolk Island salary or wages means qualifying earnings paid to or for the employee:

(a) while the employee is a resident of Norfolk Island, and for work done in Norfolk Island or outside Australia; or

(b) while the employer is a resident of Norfolk Island, and while the employee is a resident of Australia for work done in Norfolk Island.

Note: For a similar result for quarters in a financial year starting on or after 1 July 2016 and ending before 1 July 2026, see subitem 2(2) of Schedule 2 to the Tax and Superannuation Laws Amendment (Norfolk Island Reforms) Act 2015 (as amended by this Schedule).