Treasury Laws Amendment (Payday Superannuation) Act 2025 (57 of 2025)

Schedule 1   Amendments

Part 2   Consequential amendments of other Acts

Parliamentary Superannuation Act 2004

111   Subsection 8(5)

Repeal the subsection, substitute:

(5) If:

(a) this Division applies to the member in respect of a fortnight; and

(b) the Commonwealth makes contributions as required by this section in respect of the member and the fortnight; and

(c) the Commonwealth would otherwise have an individual base superannuation guarantee shortfall for:

(i) the member; and

(ii) a QE day for the member that relates to the fortnight;

that is greater than nil;

then, for the purposes of Division 2 of Part 3 of the Superannuation Guarantee (Administration) Act 1992, that individual base superannuation guarantee shortfall is taken to be nil.