Document ID: chunk:federal_register_of_legislation:C2022C00095:section:19
Version: federal_register_of_legislation:C2022C00095
Segment Type: section
Provision Reference: s 19
Character Range: 44868–46094

19  Individual superannuation guarantee shortfalls
 (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) for the quarter (unless paragraph (b) applies); or
 (b) if the number specified in subsection (2) for the quarter is reduced in respect of the employee by either or both sections 22 and 23—the number as reduced.
quarterly salary or wages base, for an employer in respect of an employee, for a quarter means the sum of:
 (a) the total salary or wages paid by the employer to the employee for the quarter; and
 (b) any sacrificed salary or wages amounts of the employee for the quarter in respect of the employer.
 (2) The charge percentage for a quarter in a year described in an item of the table is the number specified in column 2 of the item.

Charge percentage (unless reduced under section 22 or 23)
Item                                                       Column 1                               Column 2
                                                           Year                                   Charge percentage