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A. What to consider as an employer

Timing of SG contributions

Section: 1.4

1.4 Timing of SG contributions

To count toward meeting an employer's SG liability during a given quarter, a contribution must be made no later than 28 days after the end of each quarter, as shown in the following table.

Quarter Super guarantee payment due date Super guarantee charge and statement due date
1 July - 30 September 28 October 28 November
1 October - 31 December 28 January 28 February
1 January - 31 March 28 April 28 May
1 April - 30 June 28 July 28 August

When a due date falls on a weekend or public holiday, payment can be made on the next working day. The ATO will also accept payments from employers more regularly than quarterly if they desire (for instance, fortnightly or monthly) as long as their total SG obligation for the quarter is paid by the due date.

If an employer has not paid the minimum amount on time and to the correct fund, they must lodge a 'superannuation guarantee charge statement' and pay the superannuation guarantee charge (SGC).

Working out the Super Guarantee Charge (SGC)

If an employer misses making a super guarantee payment on time and to the right fund, they meet legal obligations by lodging an SGC statement by the due date and paying the SGC to the ATO.

The superannuation guarantee charge is made up of:

  1. the super guarantee shortfall, made up of:
  1. super calculated on salary and wages (including any overtime)
  2. any choice liability, based on the shortfall and capped at $500
  1. a nominal interest of 10% per annum (accrues from the start of the relevant quarter)
  2. an administration fee of $20 per employee, per quarter.

The ATO provides a Super Guarantee Charge (SGC) statement spreadsheet that employers who have missed payments can use to calculate the amount of SCG that they are required to pay, and lodge the amount with the ATO.

This technical resource is intended for the use of financial advisers only. It is current as at the date of publication but may be subject to change. This publication has been prepared without taking into account a potential investor's objectives, financial situation, needs or objectives. Before making a recommendation based on this material, you should consider its appropriateness based on the client's objectives, financial situation and needs. Rainmaker Group is not a registered tax agent under the Tax Agent Services Act 2009. Your client should refer to a registered tax agent before relying on information published herein that may impact their tax obligations, liabilities or entitlements.

Last modified: Monday, June 7, 2021