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

6   Subsection 6(1) (definition of ordinary time earnings)

Repeal the definition, substitute:

ordinary time earnings , for a person, means all of the person's earnings as an employee made up of:

(a) earnings in respect of ordinary hours of work; and

(b) earnings consisting of over-award payments, shift-loading or commission;

other than a lump sum payment of any of the following kinds made to the person on the termination of the person's employment:

(c) a payment in lieu of unused sick leave;

(d) an unused annual leave payment, or unused long service leave payment, within the meaning of the Income Tax Assessment Act 1997.