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EFFECTIVE 1st JANUARY 2006
If employers pay former employees back payments of wages, they are required to make deductible superannuation contributions on that back pay. If the superannuation is not paid the employer will be liable for the superannuation guarantee charge (non deductible) ie. The unpaid superannuation guarantee contribution, as well as interest of 10% and an administration component.
Employers are required to pay superannuation guarantee contributions on behalf of their eligible employees at least quarterly, within 28 days of the end of each quarter as shown in the table below.
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Superannuation guarantee contributions payment quarter |
Cut-off date for payment(s) to superannuation fund(s) |
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Quarter 2 (1 October – 31 December) |
28 January |
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Quarter 3 (1 January – 31 March) |
28 April |
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Quarter 4 (1 April – 30 June) |
28 July |
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Quarter 1 (1 July – 30 September) |
28 October |
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