Superannuation Guarantee (Administration) Act 1992

PART 8 - PAYMENTS OF AMOUNTS OF SHORTFALL COMPONENTS FOR THE BENEFIT OF EMPLOYEES  

SECTION 63B   OVERVIEW OF THIS PART  

63B(1)   [Shortfall component]  

If a payment to which this Part applies is made, the Commissioner is required to pay (or otherwise deal with) an amount, which is called the shortfall component, for the benefit of a benefiting employee under sections 65 to 67 .

63B(2)   [If only one benefiting employee]  

If there is only one benefiting employee, the shortfall component for the payment is worked out under section 64A .

63B(3)   [If more than one benefiting employee]  

If there is more than one benefiting employee, there will be separate shortfall components for each of the employees for the payment, worked out under section 64B .