Treasury Laws Amendment (2020 Measures No. 6) Act 2020 (141 of 2020)

Schedule 4   Minor and technical amendments

Part 1   Amendments commencing day after Royal Assent

Division 1   Amendments

Superannuation Guarantee (Administration) Act 1992

62   Subsection 23(12)

Repeal the subsection, substitute:

Reduction of ordinary time earnings base if amount excluded from employee's salary or wages

(12) If:

(a) because of section 27 or 28, an amount of an employee's salary or wages is not taken into account for the purpose of making a calculation under section 19; and

(b) a portion of that amount (which could be all of it) is included in the employee's ordinary time earnings base for the quarter in respect of the employer;

for the purposes of this section, the employee's ordinary time earnings base for the quarter in respect of the employer is taken to be reduced by an amount equal to that portion.