Document ID: chunk:federal_register_of_legislation:C2023A00043:clause:3_4
Version: federal_register_of_legislation:C2023A00043
Segment Type: clause
Provision Reference: sch 3 cl 4
Character Range: 21882–22625

4  At the end of section 149B
Add:

Reduction of employer's liability to the extent of superannuation charge payments
 (2) The obligation of an employer to make contributions for the benefit of an employee under a term mentioned in subsection (1) does not apply to the extent that:
 (a) the employer has made a charge payment (within the meaning of section 63A of the Superannuation Guarantee (Administration) Act 1992) in respect of the employee under Part 8 of that Act; and
 (b) the employee is a benefiting employee (within the meaning of that Part); and
 (c) the Commissioner of Taxation is required to pay, or otherwise deal with, a shortfall component (within the meaning of that Part) for the benefit of the employee under that Part.