Commonwealth Consolidated Acts

SUPERANNUATION GUARANTEE (ADMINISTRATION) ACT 1992 - SECT 35

  (1)   If:

  (a)   an employer lodges a superannuation guarantee statement for a quarter ; and

  (b)   a superannuation guarantee statement has not previously been lodged, and an assessment has not previously been made, for the quarter in relation to the employer;

then:

  (c)   the statement has effect as an assessment of the employer's superannuation guarantee shortfall for the quarter and of the superannuation guarantee charge payable on the shortfall; and

  (d)   the assessment is taken to have been made on the later of the day on which the statement was lodged and the following day:

  (i)   for a quarter beginning on 1   January --28   May in the next quarter; and

  (ii)   for a quarter beginning on 1   April--28   August in the next quarter; and

  (iii)   for a quarter beginning on 1   July--28   November in the next quarter; and

  (iv)   for a quarter beginning on 1   October--28   February in the next quarter; and

  (e)   the sum of:

  (i)   the total of the employer's individual superannuation guarantee shortfalls; and

  (ii)   the employer's nominal interest component; and

  (iii)   the employer's administration component;

    specified in the statement is to be taken to be the amount of superannuation guarantee charge payable by the employer for the quarter ; and

  (f)   the statement has effect as if it were a notice of assessment signed by the Commissioner and given to the employer on the day on which the assessment is taken to have been made.

  (2)   In subsection   ( 1), superannuation guarantee statement includes a statement under section   34 that indicates that an employer has a superannuation guarantee shortfall for a quarter .