Superannuation Guarantee (Administration) Amendment Act 2012 (22 of 2012)

Schedule 1   Superannuation guarantee age and percentage

Superannuation Guarantee (Administration) Act 1992

2   Subsection 19(2)

Repeal the subsection, substitute:

(2) The charge percentage for a quarter in a year described in column 1 of an item of the table is the number specified in column 2 of the item.

Charge percentage (unless reduced under section 22 or 23)

Item

Column 1
Year

Column 2
Charge percentage

1

Year starting on 1 July 2013

9.25

2

Year starting on 1 July 2014

9.5

3

Year starting on 1 July 2015

10

4

Year starting on 1 July 2016

10.5

5

Year starting on 1 July 2017

11

6

Year starting on 1 July 2018

11.5

7

Year starting on or after 1 July 2019

12