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Regulations as made
These regulations amend the Superannuation Guarantee (Administration) Regulations 2018 to ensure that an employer is not required to make additional superannuation contributions as a result of a bonus payment paid to an employee under the Aged Care Workforce Retention Grant Opportunity.
Administered by: Treasury
Registered 30 Jun 2020
Table of contents.

Commonwealth Coat of Arms of Australia

 

Superannuation Guarantee (Administration) Amendment (Aged Care Retention Bonus) Regulations 2020

I, General the Honourable David Hurley AC DSC (Retd), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 25 June 2020

David Hurley

Governor‑General

By His Excellency’s Command

Josh Frydenberg

Treasurer

 

 

 

  

  


Contents

1............ Name............................................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Schedules...................................................................................................................... 1

Schedule 1—Amendments                                                                                                                          2

Superannuation Guarantee (Administration) Regulations 2018                                                 2

 


1  Name

                   This instrument is the Superannuation Guarantee (Administration) Amendment (Aged Care Retention Bonus) Regulations 2020.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

1 July 2020

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Superannuation Guarantee (Administration) Act 1992.

4  Schedules

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

  

Superannuation Guarantee (Administration) Regulations 2018

1  At the end of subsection 12(1)

Add:

                    ; (f)  salary or wages:

                              (i)  paid on or after 1 June 2020; and

                             (ii)  funded by a payment made to the employer under the program established by the Commonwealth and known as the Aged Care Workforce Retention Grant Opportunity.