Superannuation (CSS) (Superannuation Guarantee) Regulations 2008
5Superannuation guarantee—minimum contribution
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5 Superannuation guarantee—minimum contribution
(1) For subsection 155C(1) of the Act, this regulation is made for the purpose of ensuring that an employer does not have an individual superannuation guarantee shortfall (within the meaning of the Superannuation Guarantee (Administration) Act 1992) in relation to a person in respect of any period, on or after 1 July 2008, during which the person is an eligible employee. Minimum contribution for period up to 1 July 2013 (2) Despite subsection 110SC(1) of the Act, the SG minimum contribution in relation to a person in respect of a period between 1 July 2008 and 30 June 2013 during which the person is an eligible employee is 9% of the eligible employee’s ordinary time earnings for each quarter or part of a quarter occurring in the period. Minimum contribution for period between 1 July 2013 and 30 June 2023 (3) Despite subsection 110SC(1) of the Act, the SG minimum contribution in relation to a person in respect of a period between 1 July 2013 and 30 June 2023 during which the person is an eligible employee is:
Start formula S equals E times start fraction P over 100 end fraction end formula
where:
S is the SG minimum contribution for the eligible employee.
E is the eligible employee’s ordinary time earnings for each quarter or part of a quarter occurring in the period.
P is the number specified as the charge percentage in the table in subsection 19(2) of the Superannuation Guarantee (Administration) Act 1992 for the period.
Minimum contribution for period on or after 1 July 2023 (3A) Despite subsection 110SC(1) of the Act, the SG minimum contribution in relation to a person in respect of a period on and after 1 July 2023 during which the person is an eligible employee is: Start formula S equals E times start fraction P over 100 end fraction end formula where:
S is the SG minimum contribution for the eligible employee.
E is the eligible employee’s ordinary time earnings base (within the meaning of subsection 23(2) of the Superannuation Guarantee (Administration) Act 1992) for each quarter or part of a quarter occurring in the period.
P is the number specified as the charge percentage in the table in subsection 19(2) of the Superannuation Guarantee (Administration) Act 1992 for the period.
(4) The definition of SG minimum contribution in subsection 110SB(1) of the Act is taken to refer: (a) to the extent that subregulation (2) applies—to subregulation (2) rather than to section 110SC of the Act; and (b) to the extent that subregulation (3) applies—to subregulation (3) rather than to section 110SC of the Act; and (c) to the extent that subregulation (3A) applies—to subregulation (3A) rather than to section 110SC of the Act.