Superannuation Guarantee (Administration) Act 1992

PART 3 - LIABILITY OF EMPLOYERS OTHER THAN THE COMMONWEALTH AND TAX-EXEMPT COMMONWEALTH AUTHORITIES TO PAY SUPERANNUATION GUARANTEE CHARGE  

SECTION 23B   CONTRIBUTIONS THROUGH AN APPROVED CLEARING HOUSE  

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23B(1)    

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For the purposes of a provision covered by subsection (2):

(a) treat an employer that, at a particular time, pays an amount to an approved clearing house for the benefit of an employee as having made a contribution of the same amount to a complying superannuation fund or an RSA for the benefit of the employee at that time, if the approved clearing house accepts the payment; and

(b) disregard any contribution that the approved clearing house makes to a complying superannuation fund or an RSA as a result of the payment.

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History

S 23B(1) amended by No 95 of 2019, s 3 and Sch 7 items 15 and 16, by inserting " (1) " and substituting " a provision covered by subsection (2) " for " sections 23 and 23A " , effective 29 October 2019 and applicable in relation to working out an employer ' s superannuation guarantee shortfall for quarters beginning on or after 1 January 2020.

23B(2)    

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The provisions are as follows:

(a) section 15A (which deals with salary sacrifice arrangements);

(b) section 23 (which deals with reduction of charge percentage);

(c) section 23A (which deals with offsetting late payments against an employer ' s liability to pay superannuation guarantee charge).

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History

S 23B(2) inserted by No 95 of 2019, s 3 and Sch 7 item 17, effective 29 October 2019 and applicable in relation to working out an employer ' s superannuation guarantee shortfall for quarters beginning on or after 1 January 2020.

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History

S 23B inserted by No 56 of 2010, s 3 and Sch 1 item 3, applicable to a payment made to an approved clearing house on or after 1 July 2010.

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