Document ID: chunk:federal_register_of_legislation:C2006C00616:clause:2_62
Version: federal_register_of_legislation:C2006C00616
Segment Type: clause
Provision Reference: sch 2 cl 62
Character Range: 53686–54656

62  Subsection 59(2)
Repeal the subsection, substitute:

 (2) An employer liable to pay superannuation guarantee charge in relation to a year must:
 (a) keep a record in relation to the year containing details of the basis of calculation of the following amounts:
 (i) the employer's annual national payroll for the employer's base year;
 (ii) the individual superannuation guarantee shortfalls of the employer for the year;
 (iii) the employer's nominal interest component for the year;
 (iv) the employer's administration component for the year;
  that were specified in a superannuation guarantee statement under section 33 or a statement under section 34; or
 (b) produce to the Commissioner, when and as required by the Commissioner under this Act, a document containing details of the basis of calculation of the amounts referred to in paragraph (2)(a) that were specified in a superannuation guarantee statement under section 33 or a statement under section 34.