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SUPERANNUATION GUARANTEE (ADMINISTRATION) ACT 1992 - SECT 23B

Contributions through an approved clearing house

             (1)  For the purposes of a provision covered by subsection (2):

                     (a)  treat an employer that, at a particular time, pays an amount to an approved clearing house for the benefit of an employee as having made a contribution of the same amount to a complying superannuation fund or an RSA for the benefit of the employee at that time, if the approved clearing house accepts the payment; and

                     (b)  disregard any contribution that the approved clearing house makes to a complying superannuation fund or an RSA as a result of the payment.

             (2)  The provisions are as follows:

                     (a)  section 15A (which deals with salary sacrifice arrangements);

                     (b)  section 23 (which deals with reduction of charge percentage);

                     (c)  section 23A (which deals with offsetting late payments against an employer's liability to pay superannuation guarantee charge).



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