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

85   Individual superannuation guarantee shortfall for 1993-94 and subsequent years

Section 19 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 quarter exceeds the maximum contribution base for the contribution period that corresponds to that quarter, the total salary or wages to be taken into account for the purposes of the application of subsection (2) in relation to the quarter is the amount equal to the maximum contribution base.".


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