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

5   Subsection 6(1)

Insert:

excess concessional contributions has the same meaning as in the Income Tax Assessment Act 1997.

extended usual period , for a QE day and an employer, means the period:

(a) starting on the QE day; and

(b) ending on the 20th business day after the QE day.

individual base superannuation guarantee shortfall has the meaning given by subsection 18C(1).

individual final superannuation guarantee shortfall has the meaning given by subsection 18D(1).

individual notional earnings component has the meaning given by subsection 19A(1).

individual superannuation guarantee amount has the meaning given by subsection 17A(2).

late period , for a QE day, an employer and an employee, means the period:

(a) starting on the day after the latest day that an eligible contribution made by the employer for the benefit of the employee is able to be applied under subsection 18C(1) for the QE day; and

(b) ending on the day before the day an assessment for the QE day is made for the employer.

maximum contributions base has the meaning given by subsection 10A(5).