(1) This section applies if there is only one benefiting employee.
(2) The shortfall component for the payment is the lesser of the following amounts:
(a) the amount of the payment;
(b) the amount of the employee entitlement, calculated at the time when the payment is made (see subsection (3)).
(3) The employee entitlement , calculated at a particular time, is the sum of the following amounts:
(a) the individual superannuation guarantee shortfall for the employee for the quarter;
(b) any general interest charge, in respect of non-payment of superannuation guarantee charge payable on that shortfall, that has been paid by, or is payable at, the particular time;
(c) any nominal interest component for the quarter that has been paid by, or is payable at, the particular time;
reduced (but not below zero) by the amounts of any previous payments to which this Part applies that relate to the same quarter, employer and employee.