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Superannuation

Last updated January 2024

This chapter explains your superannuation obligations, including what fund to pay superannuation into, how much to pay and what records you need to retain.

What are your superannuation obligations?

You are obligated to make a compulsory superannuation contribution:

  • to eligible employees;
  • at at least the minimum prescribed rate;
  • into a complying superannuation fund.
Important: You must do this within 28 days after the end of each quarter.

The end of each quarter in a financial year are laid out in the following table:

Quarter End date
1 28 October
2 28 January
3 28 April
4 28 July
Tip: You may choose to pay the contributions more regularly.
Caution: The Superannuation Guarantee (Administration) Act 1992 (SG Act) creates a liability for you as an employer if you do not do this. This is called the superannuation guarantee.
Definition: Superannuation Guarantee

The superannuation guarantee arising under the SG Act requires Australian employers to contribute a minimum level of superannuation support into a complying superannuation fund for any employee that the system covers.
Important: Contributions you make under the superannuation guarantee are normally fully tax deductible.
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