64AThe shortfall component for one benefiting employee

#### 64A The shortfall component for one benefiting employee (1) This section applies if there is only one benefiting employee. (2) The shortfall component for the payment is the lesser of the following amounts: (a) the amount of the payment; (b) the amount of the employee entitlement, calculated at the time when the payment is made (see subsection (3)). (3) The employee entitlement, calculated at a particular time, is the sum of the following amounts: (a) the individual superannuation guarantee shortfall for the employee for the quarter; (b) any general interest charge, in respect of non‑payment of superannuation guarantee charge payable on that shortfall, that has been paid by, or is payable at, the particular time; (c) any nominal interest component for the quarter that has been paid by, or is payable at, the particular time; reduced (but not below zero) by the amounts of any previous payments to which this Part applies that relate to the same quarter, employer and employee.