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

14   Subsection 10(1)

Insert:

QE is:

(a) if a benefit accruing in respect of the period from 1 July 2008 is expressed in the governing rules of a superannuation scheme as a multiple of the annual qualifying earnings of a member of that scheme as at the day on which the member withdraws from the scheme - the member's annual rate of qualifying earnings as at that day; or

(b) if a benefit accruing in respect of the period from 1 July 2008 is expressed in the governing rules of the scheme as a multiple of the average annual qualifying earnings of a member of the scheme in a period referred to in paragraph (b) or (c) of the definition of FQE - the member's average annual rate of qualifying earnings in the relevant period.