Employer Information

Quarterly SG

Most employers must make Superannuation Guarantee (SG) contributions on a quarterly basis. Employers who are currently contributing and reporting to employees more regularly may continue to do so.

This means that employers must:

• Calculate an additional amount equal to 9% of each of their eligible employees' gross ordinary time earnings
• Pay this amount to a complying superannuation provider at least once every quarter
• Keep a record of all contributions made.

Note - Superannuation Guarantee obligations cease when an employee reaches 70 years of age. If required by an industrial award, payments to these employees can be accepted by super funds and used as tax deductions.

Employers must follow the following critical dates:

SG quarter	Cut off date for SG contributions	Due date for lodgement of a SG statement and payment of the SG Charge if contributions are not made on time.
1 July - 30 September	28 October	14 November
1 October - 31 December	28 January	14 February
1 January - 31 March	28 April	14 May
1 April - 30 June	28 July	14 August

The ATO has also introduced penalties for employers who do not pay by the cut off date for each quarter. It is essential that employers pay SG contributions by the cut off date and keep records of all contributions made.

Employers may choose to report their superannuation contributions to employees, but are no longer required to do so by tax law. However, employers covered under Australian workplace legislation awards or agreements that require them to report superannuation contributions on payslips will still be obligated to report to their employees.

Superannuation funds will continue to issue annual member contribution statements.

For more information on penalties or Quarterly SG in general, please visit the Tax Office superannuation website at www.ato.gov.au/super

Superannuation is taxed concessionally by the government to encourage savings for your retirement.