History
Long title amended by No 62 of 1997.
SECTION 1
SHORT TITLE
1
This Act may be cited as the
Superannuation Guarantee Charge Act
1992.
SECTION 2
COMMENCEMENT
2
This Act commences on 1 July 1992.
SECTION 3
INCORPORATION OF THE SUPERANNUATION GUARANTEE (ADMINISTRATION) ACT
3
The
Superannuation Guarantee (Administration) Act 1992 is incorporated and is to be read as one with this Act.
SECTION 4
ACT BINDS CROWN
4
This Act binds the Crown in right of each State, the Australian Capital Territory and the Northern Territory.
SECTION 5
IMPOSITION OF CHARGE
5
Charge is imposed on any superannuation guarantee shortfall of an employer for a quarter.
History
S 5 amended by No 52 of 2002, s 3 and Sch 1 item 1, by substituting ``for a quarter'' for ``in a year'', applicable in relation to superannuation guarantee shortfalls under the Superannuation Guarantee (Administration) Act 1992 for quarters that commence on or after 1 July 2003.
SECTION 6
AMOUNT OF CHARGE
6
The amount of superannuation guarantee charge payable on a superannuation guarantee shortfall of an employer for a quarter is an amount equal to the amount of the shortfall.
History
S 6 amended by No 52 of 2002, s 3 and Sch 1 item 2, by substituting ``for a quarter'' for ``in a year'', applicable in relation to superannuation guarantee shortfalls under the Superannuation Guarantee (Administration) Act 1992 for quarters that commence on or after 1 July 2003.
SECTION 7
SEVERABILITY
7
It is the intention of the Parliament that if, but for this section, section
5 would impose a superannuation guarantee charge on a State that exceeds the legislative power of the Commonwealth, section
5 of this Act has effect as if it did not impose that charge.
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