Superannuation Guarantee (SG)
The Superannuation Guarantee (Administration) Act 1992 (SGAA) was introduced by the Government on 1 July 1992 to ensure that most employees receive superannuation support from their employer.
The legislation provides that employers must provide at least a set minimum amount of superannuation support for their eligible employees. That minimum amount is 9% (net of fees and charges) from 2002/03 onwards. If an employer fails to pay the minimum amount of superannuation, they may have to pay a Superannuation Guarantee Charge to the Australian Tax Office.



