Reduction of employer’s liability to the extent of superannuation charge payments
127B Reduction of employer’s liability to the extent of superannuation charge payments
The obligation to make contributions for an employee under section 127A does not apply to an employer to the extent that—
a charge payment has been made by or on behalf of the employer in respect of the employee under part 8 of the SGA Act; and
the employee is a benefiting employee; and
the commissioner is required to pay, or otherwise deal with, a shortfall component for the benefit of the employee under part 8 of the SGA Act.
A term used in this section that is defined in part 8 of the SGA Act has the meaning given under that part.
In this section—
commissioner means the Commissioner of Taxation under the SGA Act, section 6(1).
SGA Act means the Superannuation Guarantee (Administration) Act 1992 (Cwlth).
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