Treasury Laws Amendment (Payday Superannuation) Regulations 2026 (F2026L00133)

Schedule 1   Superannuation guarantee reforms to address unpaid superannuation

Part 1   Main amendments

Superannuation Guarantee (Administration) Regulations 2018

11   Subsection 10(1)

Insert:

FQE is:

(a) if a benefit accruing in respect of membership after 30 June 2008 is expressed in the governing rules of a superannuation scheme as a multiple of the annual qualifying earnings of the person as at the day on which the person withdraws from the scheme - 0.0833; or

(b) if a benefit accruing in respect of membership after 30 June 2008 is expressed in the governing rules of the scheme as a multiple of the average annual qualifying earnings of the person in the period of 3 years ending on the day on which the person withdraws from the scheme - 0.09; or

(c) if a benefit accruing in respect of membership after 30 June 2008 is expressed in those governing rules as a multiple of the average annual qualifying earnings of the person in a particular number of years of membership of the person ending on the day on which the person withdraws from the scheme:

where:

A is the number of years specified in the governing rules of the scheme ending on the day on which the person withdraws from the scheme.