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Information for Business Owners

Increases to the 9% Super Guarantee

The Superannuation Guarantee (Administration) Amendment Act 2012 received royal assent on 29 March 2012.

In the legislation:

  • the superannuation guarantee (SG) rate will gradually increase from 9% to 12% between 1 July 2013 and 1 July 2019

  • the SG age limit of 70 will be removed from 1 July 2013, and employers will be required to contribute to complying super funds of eligible mature age employees aged 70 and older.

If you require any assistance contact Alan Beck CA on 0419 671 602 or visit the website at www.basman.com.au

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