Superannuation Guarantee (Administration) Regulations 2018
View history note
Hide history noteThis section applies to reduce the percentage for the QE day by the percentage in column 1 of an item of the following table if the employer lodges a voluntary disclosure statement for the QE day: (a) on a day covered by column 2 of that table item (the lodgment day ); and (b) before the day an assessment under subsection 36(1) of the Act is made for the employer and the QE day.
| Reductions in percentage if a voluntary disclosure statement is lodged for the QE day | ||
| Column 1 | Column 2 | |
| Item | Reduce the percentage by: | … if the lodgment day is: |
| 1 | 40% | before the end of the 30-day period starting on the QE day. |
| 2 | 35% | during the period:
(a) starting immediately after the end of the period mentioned in item 1; and (b) ending at the end of the 60-day period starting on the QE day. |
| 3 | 30% | during the period:
(a) starting immediately after the end of the period mentioned in item 2; and (b) ending at the end of the 120-day period starting on the QE day. |
| 4 | 15% | after the end of the 120-day period starting on the QE day. |
Example 1:
If section 13C applies and table item 1 applies, the 60% in subsection 19B(1) of the Act is reduced to 0%.
Example 2:
If section 13C does not apply but table item 2 applies, the 60% in subsection 19B(1) of the Act is reduced to 25%.
Note:
Section 33 of the Act sets out when a statement is a voluntary disclosure statement.
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