Taxation Laws Amendment (Superannuation) Act 1992 (208 of 1992)

Part 4   AMENDMENT OF THE SUPERANNUATION GUARANTEE (ADMINISTRATION) ACT 1992

Division 4   Amendments relating to calculation of individual superannuation guarantee shortfall

84   Individual superannuation guarantee shortfall for 1992-93

Section 18 of the Principal Act is amended by adding at the end the following subsection:

"(3) If the total salary or wages paid by an employer to an employee in a half-year exceeds the maximum contribution base for the contribution period that corresponds to that half-year, the total salary or wages to be taken into account for the purposes of the application of subsection (2) in relation to the half-year is the amount equal to the maximum contribution base.".