Taxation Laws Amendment (Superannuation) Act 1992 (208 of 1992)
Part 4 AMENDMENT OF THE SUPERANNUATION GUARANTEE (ADMINISTRATION) ACT 1992
Division 4 Amendments relating to calculation of individual superannuation guarantee shortfall
84 Individual superannuation guarantee shortfall for 1992-93
Section 18 of the Principal Act is amended by adding at the end the following subsection:
"(3) If the total salary or wages paid by an employer to an employee in a half-year exceeds the maximum contribution base for the contribution period that corresponds to that half-year, the total salary or wages to be taken into account for the purposes of the application of subsection (2) in relation to the half-year is the amount equal to the maximum contribution base.".
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