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

Schedule 1   Amendments

Part 2   Consequential amendments of other Acts

Superannuation Act 1976

121   Subsection 110SE(6)

Repeal the subsection, substitute:

(6) Despite anything in this section, top-up benefit does not become payable to or in respect of a person who ceases to be an eligible employee if an actuary has certified that:

(a) in the actuary's opinion; and

(b) because of the value of other benefits payable to or in respect of the person;

an employer of the person, while the person was an eligible employee, will not have an individual base superannuation guarantee shortfall that is greater than nil for a QE day while the person was an eligible employee.