Superannuation Guarantee (Administration) Act 1992

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

SECTION 31  

31   NOMINAL INTEREST COMPONENT  

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The nominal interest component in relation to an employer for a quarter is the amount that would accrue by way of interest on the total of the employer's individual superannuation guarantee shortfalls for the quarter if interest were calculated at the rate applicable under the regulations for the purposes of this subsection from the beginning of the quarter in question until the date on which superannuation guarantee charge in relation to the total would be payable under this Act.

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History

S 31 amended by No 58 of 2006 , s 3 and Sch 7 items 129 and 130, by substituting " this Act " for " section 46 " , effective 22 June 2006.

S 31 amended by No 51 of 2002, s 3 and Sch 1 item 131, by substituting ``quarter'' for ``year'' (wherever occurring), effective 1 July 2003. For application and transitional provisions, see note under s 5(3).

S 31(1) amended by No 181 of 1994.

S 31(2) omitted by No 181 of 1994

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