Super Guarantees Payments Due

Employers: if you make your super guarantee payments quarterly, don’t forget that contributions for the December quarter are due by 28 January. Learn more at: https://ato.gov.au/…/How-much-to-pay-and-when-…/When-to-pay/

When to pay

You have to pay super for eligible employees from the first day you employ them. For each eligible employee, you have to pay these super guarantee contributions to the correct super fund at least four times a year, by the quarterly payment cut-off dates shown in the following table.

Quarterly payment-cut off dates

Quarter

Period

Payment cut-off date

1

1 July - 30 September

28 October

2

1 October - 31 December

28 January

3

1 January - 31 March

28 April

4

1 April - 30 June

28 July

When a cut-off date for payment falls on a weekend or public holiday, you can make the payment on the next working day.

You can pay contributions more regularly than quarterly if you want to. For example, you can pay fortnightly or monthly, as long as the total super guarantee obligation for the quarter is paid by the quarterly payment cut-off date.

Check you meet all requirements

You should also check whether other super fund, award or other contractual requirements apply. Some super funds, awards or contracts require superannuation to be paid more regularly (for example, monthly) and you may need to meet these requirements. Compliance with one arrangement does not necessarily ensure compliance with another.

Payment of member personal super contributions

If you enter into an arrangement with your employee to make post-tax super contributions on their behalf, make sure you pay these contributions promptly, in accordance with the employee's terms of employment and any legal requirement (that is, industrial award conditions).

End of attention

If you pay any super guarantee contributions after the cut-off date, you have not met your super guarantee obligations and will have to lodge a Superannuation guarantee charge statement - quarterly (NAT 9599) and pay the super guarantee charge to us.

End of danger

Clearing houses

If you pay a super guarantee contribution through a clearing house, it's counted as being paid on the date the super fund receives it, not the date the clearing house receives it (unless you use the Small Business Superannuation Clearing House service - see below).

Check with your clearing house to make sure you allow enough time for your payments to be processed before the quarterly cut-off dates.

Small Business Superannuation Clearing House

Businesses with fewer than 20 employees can use the free Small Business Superannuation Clearing House (clearing house) service administered by the Australian Taxation Office.

If you register to use this service:

  • your super guarantee contributions are counted as being paid on the date the clearing house accepts them (so long as the fund does not reject the payments)

  • if you receive an employee's choice of fund nomination, you have 21 days to pass the information to the clearing house.

The clearing house service is optional. It's designed to reduce red tape and compliance costs for small businesses by letting employers pay their super guarantee contributions to a single location in one simple electronic transaction.

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
Contact Us

Proactive Accountants & Bookkeepers​


Tel: 0424 513 740
Email: proactivebookkeepes@gmail.com​
Postal Address​​​​​​: P.O. Box 156

Collins St West

Melbourne Vic 8007

Socialize With Us
Members

Proactive Lending Solutions is a Credit Representative (CRN 482161) Of BLSAA Pty LTD ACN 117651760 (Australian Credit Licence NO 391237)

© 2023 by Proactive Accountants & Bookkeepers