Superannuation guarantee—vouchers

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What is the superannuation guarantee?

The Superannuation Guarantee (Administration) Act 1992 (SGAA) applies from 1 July 1992. It was introduced to ensure that most employees receive employer superannuation support.

Employers need to provide a set minimum amount of superannuation support into a complying superannuation fund or retirement savings account (RSA) for their employees. Employers who do not provide a minimum level of superannuation support for their employees by 28 July following the end of the relevant financial year will have to pay the Superannuation Guarantee Charge to the Tax Office.

Those paying the Superannuation Guarantee Charge will have to complete a superannuation guarantee statement and pay the Superannuation Guarantee Charge by the 14 August following the end of the relevant financial year or such later time as allowed by the Commissioner.

For the 2001/02 financial year, employers have until the 29 July 2002 (as the 28 July is on a Sunday), to provide sufficient superannuation support or else lodge the statement and pay the charge by 14 August 2002.

What is the superannuation guarantee charge?

The Superannuation Guarantee Charge consists of:

the total of the employer's individual superannuation guarantee shortfalls;
the interest component of 10% per annum, calculated from the beginning of the previous financial year (1 July) to 14 August or the date of lodgment of the superannuation guarantee statement, whichever is the later; and
an administrative fee of $50 plus $30 for each employee not fully covered.

What is a superannuation guarantee voucher?

When a Superannuation Guarantee Charge is received by the Tax Office the shortfall and interest will be redistributed (if over $20), in the form of a voucher, to those employees for whom their employers have not provided the minimum superannuation support. These vouchers are not cheques.

Where the shortfall and interest components of the Superannuation Guarantee Charge do not total more than $20, the Tax Office does not issue a voucher. Instead, the amount remains within the superannuation guarantee system, until further Superannuation Guarantee Charge payments are made by your employer.

What should you do if you receive a voucher?

Some people may already have these vouchers. You should take the vouchers to a superannuation fund, eligible roll-over fund or RSA provider so that it can start to build up for your retirement. You must first find a fund or RSA that will accept the voucher. A place to start is a superannuation fund or RSA where you are already a member.

If you are a member of a superannuation fund or a RSA account holder, you should receive a statement from the fund or RSA each year. The information on the statement will help when you fill out the authorisation slip on the back of the voucher.

You should call the superannuation fund or RSA where you would like to deposit the voucher, to check whether the fund or RSA will accept it. If you have trouble finding a fund or RSA willing to accept the voucher, the funds listed below will take any vouchers presented to them.

Name of Fund

Phone

AMP Eligible Rollover Fund

1300 300 277

The Australian Eligible Roll-over Fund (accepts vouchers only if you are already a member)

1800 677 424

Australian Preservation Fund

1300 361 798

Australian Primary Superannuation Fund

1800 675 839

Australian Superannuation Savings Employment Trust

1800 805 981

C+BUS (Construction & Building Industry)

1300 361 784

Medical and Associated Professions Superannuation Fund (MAP)

1800 640 055 (outside Brisbane)

07 3838 1234 (in Brisbane)

AXA Australia Tailored Superannuation

13 13 45

AXA Australia Simple Superannuation

13 13 45

NSP Buck Eligible Roll-over Fund

1800 677 306

Statewide Superannuation Trust

1300 651 865

Westpac Superannuation

131 817

This list is current as at July 2002. If any fund or RSA would like to add their name to this list, please call the Superannuation Public and Industry Communications team on (02) 9374 8159.

Once you have found a superannuation fund, eligible roll-over fund or RSA which will accept the voucher, you must fill out the authorisation slip on the back of the voucher and send it off to the fund or RSA.

What does the Fund or RSA do with the voucher?

Once the fund or RSA accepts the voucher, they can then claim payment from the Tax Office. The fund or RSA will hold this money in an account in your name, where it will start to build up for your retirement.

Need more information?

For further information on this topic:

Visit the Tax Office superannuation website at www.ato.gov.au/super.
Phone the Superannuation Infoline on 13 10 20 for the cost of a local call.
You can write to:

Superannuation Business Line

Australian Taxation Office

PO Box 2000

MOONEE PONDS VIC 3039

Obtain A Fax from Tax on 13 28 60.
If you do not speak English and need help from the Tax Office, phone the Translating and Interpreting Service on 13 14 50.
People with a hearing or speech impairment with access to appropriate teletypewriter or modem equipment can communicate with the Tax Office by first contacting the Australian Communication Exchange Relay Service on 13 25 44.

This work is copyright. Apart from any use as permitted under the Copyright Act 1968, no part may be reproduced by any process without prior written permission from the Commonwealth. Requests and inquiries concerning reproduction and rights should be addressed to Commonwealth Copyright Administration, Department of Communications, Information Technology and the Arts, GPO Box 2154, Canberra ACT 2601 or by email Commonwealth.copyright@dcita.gov.au

Note: The information in this publication is current at July 2002 and we have made every effort to ensure it is accurate. However, if something in the publication is wrong or misleading and you make a mistake as a result, you will not be charged a penalty. You may have to pay interest, depending on the circumstances of your case.

You are protected under GST law if you have acted on any GST information in this publication. If you have relied on GST advice in this Tax Office publication and that advice has later changed, you will not have to pay any extra GST for the period up to the date of this change. Similarly, you will not have to pay any penalties or interest.

If you feel this publication does not fully cover your circumstances, please seek help from the Tax Office or a professional tax adviser. Since we regularly revise our publications to take account of any changes to the law, you should make sure this edition is the latest.

NAT 2026

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