Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If an employer other than a government body refuses or fails to provide, when and as required under this Act, a superannuation guarantee statement or information relevant to assessing the employer's liability to pay superannuation guarantee charge for a quarter , the employer is liable to pay, by way of penalty, additional superannuation guarantee charge equal to double the amount of superannuation guarantee charge payable by the employer for the quarter .
(2) An employer liable to pay superannuation guarantee charge for a quarter must:
(a) keep a record in relation to the quarter containing details of the basis of calculation of the following amounts:
(ii) the individual superannuation guarantee shortfalls of the employer for the quarter ;
(iii) the employer's nominal interest component for the quarter ;
(iv) the employer's administration component for the quarter ;
that were specified in a superannuation guarantee statement under section 33 or a statement under section 34; or
(b) produce to the Commissioner, when and as required by the Commissioner under this Act, a document containing details of the basis of calculation of the amounts referred to in paragraph ( 2)(a) that were specified in a superannuation guarantee statement under section 33 or a statement under section 34.
(3) If the amount of additional superannuation guarantee charge that would, but for this subsection, be payable under subsection ( 1) or (2) is less than $20, the additional superannuation guarantee charge payable is $20.