Superannuation Guarantee (Administration) Act 1992

PART 4 - SUPERANNUATION GUARANTEE STATEMENTS AND ASSESSMENTS  

SECTION 35   FIRST SUPERANNUATION GUARANTEE STATEMENT FOR A QUARTER TAKEN TO BE ASSESSMENT  

35(1)   [Statement deemed an assessment]  

If:

(a) an employer lodges a superannuation guarantee statement for a quarter; and

(b) a superannuation guarantee statement has not previously been lodged, and an assessment has not previously been made, for the quarter in relation to the employer;

then:

(c) the statement has effect as an assessment of the employer ' s superannuation guarantee shortfall for the quarter and of the superannuation guarantee charge payable on the shortfall; and

(d) the assessment is taken to have been made on the later of the day on which the statement was lodged and the following day:

(i) for a quarter beginning on 1 January - 28 May in the next quarter; and

(ii) for a quarter beginning on 1 April - 28 August in the next quarter; and

(iii) for a quarter beginning on 1 July - 28 November in the next quarter; and

(iv) for a quarter beginning on 1 October - 28 February in the next quarter; and

(e) the sum of:

(i) the total of the employer ' s individual superannuation guarantee shortfalls; and

(ii) the employer ' s nominal interest component; and

(iii) the employer ' s administration component;

specified in the statement is to be taken to be the amount of superannuation guarantee charge payable by the employer for the quarter; and

(f) the statement has effect as if it were a notice of assessment signed by the Commissioner and given to the employer on the day on which the assessment is taken to have been made.

35(2)   [ " superannuation guarantee statement " ]  

In subsection (1), superannuation guarantee statement includes a statement under section 34 that indicates that an employer has a superannuation guarantee shortfall for a quarter.