Superannuation Guarantee Charge Act 1992

1 Short title [see Note 1]

This Act may be cited as the Superannuation Guarantee Charge Act 1992.

2 Commencement

This Act commences on 1 July 1992.

3 Incorporation of the Superannuation Guarantee (Administration) Act

The Superannuation Guarantee (Administration) Act 1992 is incorporated and is to be read as one with this Act.

4 Act binds Crown

This Act binds the Crown in right of each State, the Australian Capital Territory and the Northern Territory.

5 Imposition of charge

Charge is imposed on any superannuation guarantee shortfall of an employer for a quarter.

6 Amount of charge

The amount of superannuation guarantee charge payable on a superannuation guarantee shortfall of an employer for a quarter is an amount equal to the amount of the shortfall.

7 Severability

It is the intention of the Parliament that if, but for this section, section 5 would impose a superannuation guarantee charge on a State that exceeds the legislative power of the Commonwealth, section 5 of this Act has effect as if it did not impose that charge.

The Superannuation Guarantee Charge Act 1992 as shown in this compilation comprises Act No. 93, 1992 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts

Notes to the Superannuation Guarantee Charge Act 1992

Note 1

Table of Amendments

Table A

Application, saving or transitional provisions

Superannuation Guarantee Charge Amendment Act 2002 (No. 52, 2002)

Schedule 1

3 Application of amendments

The amendments made by this Schedule apply in relation to superannuation guarantee shortfalls under the Superannuation Guarantee (Administration) Act 1992 for quarters that commence on or after 1 July 2003.