Super is money you put into your employees' super funds, to provide income for them when they retire.
You must pay super for your eligible employees. This is called super guarantee (SG). There is a minimum amount of super that you have to pay, but you can pay more. It is calculated as a percentage of the employee’s earnings.
SG is payable at least on a quarterly basis and is due by the 28th day after the end of each quarter. You may choose to pay more frequently, such as when you pay your employees.
Your eligible employees may be entitled to choose their super fund. If so, you must provide them with a form enabling them to make their choice.
If you need help, phone our Super infoline on 13 10 20.
Transitional super guarantee rates for Norfolk Island
Super guarantee transitional rates apply to Norfolk Island, starting at 1% on 1 July 2016 and increasing 1% yearly to 12% by 1 July 2027.
If your business employs workers who work on the mainland, you will need to calculate and pay super for them at the general SG rate for mainland Australia.
Table 5 below shows the rate to use for each situation.
Employer is based on … |
Work is performed on … |
Employee's resident status is … |
SG rules that apply |
|---|---|---|---|
Norfolk Island |
Norfolk Island |
Norfolk Island resident |
Norfolk Island transitional SG rate |
Australian mainland |
Norfolk Island |
Norfolk Island resident |
Norfolk Island transitional SG rate |
Australian mainland |
Norfolk Island |
Australian resident |
General SG rate |
Either Norfolk Island or Australian mainland |
Australian mainland |
Either Norfolk Island or Australian resident |
General SG rate |
Financial year |
Norfolk Island transitional SG rate |
General SG rate |
|---|---|---|
2016–17 |
1.0% |
9.5% |
2017–18 |
2.0% |
9.5% |
2018–19 |
3.0% |
9.5% |
2019–20 |
4.0% |
9.5% |
2020–21 |
5.0% |
9.5% |
2021–22 |
6.0% |
10.0% |
2022–23 |
7.0% |
10.5% |
2023–24 |
8.0% |
11.0% |
2024–25 |
9.0% |
11.5% |
2025–26 |
10.0% |
12.0% |
2026–27 |
11.0% |
12.0% |
2027–28 |
12.0% |
12.0% |
See also:
Information for Norfolk Island employers about their super obligations.