Notice of Withdrawal
SGD 2003/5 provided an explanation of how the exclusions in subsection 27(1) and section 28 of the Superannuation Guarantee (Administration) Act 1992 (SGAA) interact for the purposes of calculating: • an individual superannuation guarantee (SG) shortfall under section 19 of the SGAA, and • the total amount of salary or wages paid in a month for the purposes of subsection 27(2) of the SGAA.
SGD 2003/5 contained a straight application of the law in sections 27 and 28 of the SGAA with respect to their effect on the calculation of an individual SG shortfall under section 19 of the SGAA.
Changes were made to subsection 27(2) of the SGAA by the Treasury Laws Amendment (Enhancing Superannuation Outcomes for Australians and Helping Australian Businesses Invest) Act 2022. These changes removed the $450-a-month threshold before an employee's salary or wages are taken into account in the calculation of an individual SG shortfall under section 19 of the SGAA. They apply to the quarter commencing 1 July 2022 and later quarters.
SGD 2003/5 is no longer current and is therefore withdrawn.