Superannuation Guarantee (Administration) Act 1992
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Hide history noteThis section applies if there is only one benefiting employee.
64A(2) [Determining the shortfall component]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)). 64A(3) [Determining the employee entitlement]
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.
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