SUPERANNUATION GUARANTEE (ADMINISTRATION) ACT 1992 - SECT 21 Guidelines for reducing an increase in an individual superannuation guarantee shortfall

SUPERANNUATION GUARANTEE (ADMINISTRATION) ACT 1992 - SECT 21

  (1)   The Commissioner must, by legislative instrument, make guidelines that the Commissioner must have regard to when deciding whether or not to make a decision under subsection   19(2E).

Note:   Subsection   19(2E) allows the Commissioner to reduce (including to nil) the amount of an increase in an individual superannuation guarantee shortfall under subsection   19(2A) or (2B).

  (2)   The Commissioner must, by legislative instrument, make guidelines that the Commissioner must have regard to when deciding whether or not to make a decision under subsection   19(2F).

Note:   Subsection   19(2F) allows the Commissioner to reduce (including to nil) the amount of an individual superannuation guarantee shortfall when a fund that has been notified as the stapled fund for an employee is unable to accept contributions.