Tax Laws Amendment (2012 Measures No. 2) Act 2012 (99 of 2012)

Schedule 1   Companies' non-compliance with PAYG withholding and superannuation guarantee obligations

Part 3   Superannuation guarantee charge

Division 2   Penalties

Taxation Administration Act 1953

55   At the end of subsection 269-30(2) in Schedule 1

Add:

Note 2: The sum mentioned in paragraph 35(1)(e) of the Superannuation Guarantee (Administration) Act 1992 is the sum of:

(a) the total of the company’s individual superannuation guarantee shortfalls; and

(b) the company’s nominal interest component; and

(c) the company’s administration component;

specified in the superannuation guarantee statement.