Superannuation Guarantee (Administration) Act 1992

PART 3 - LIABILITY OF EMPLOYERS OTHER THAN THE COMMONWEALTH AND TAX-EXEMPT COMMONWEALTH AUTHORITIES TO PAY SUPERANNUATION GUARANTEE CHARGE  

Division 2 - Superannuation guarantee charge payable by employers  

Subdivision D - Notional earnings and administrative uplift  

SECTION 19B   ADMINISTRATIVE UPLIFT FOR A QE DAY  

19B(1)    
The employer ' s administrative uplift amount for the QE day is equal to 60% of the sum of:

(a)    the total of the employer ' s individual final superannuation guarantee shortfalls for the QE day; and

(b)    the total of the employer ' s individual notional earnings components for the QE day.

Note:

The administrative uplift amount will be nil if these totals are nil.

19B(2)    
However, this amount may be reduced (but not below nil) in accordance with the regulations.

19B(3)    
For the purposes of (but without limiting) subsection (2) , the regulations may prescribe the following:

(a)    a method for reducing an employer ' s administrative uplift amount for a QE day that relies on one or more of the following:

(i) whether the Commissioner has previously made an assessment for the employer on the Commissioner ' s own initiative;

(ii) whether the Commissioner has previously made an estimate under subsection 268-10(1) in Schedule 1 to the Taxation Administration Act 1953 for the employer for a liability to pay superannuation guarantee charge;

(iii) whether (and when) the employer lodges a voluntary disclosure statement under section 33 for the QE day;

(b)    a method that depends on a person being satisfied of one or more specified matters.