Document ID: chunk:federal_register_of_legislation:C2010C00495:clause:1_48
Version: federal_register_of_legislation:C2010C00495
Segment Type: clause
Provision Reference: sch 1 cl 48
Character Range: 14179–14872

48  Subsections 19(1) and (2)
Repeal the subsections, substitute:

 (1) An employer's individual superannuation guarantee shortfall for an employee for a quarter is the amount worked out using the formula:
where:

charge percentage, for an employer for a quarter, means:
 (a) the number specified in subsection (2) (unless paragraph (b) applies); or
 (b) if the number specified in subsection (2) is reduced in respect of the employee by either or both sections 22 and 23—the number as reduced.

 (2) The charge percentage is 9.

Note: This might be reduced under section 22 or 23.

Note: The heading to section 19 is replaced by the heading "Individual superannuation guarantee shortfalls".