SGC Rules

This is a two-character code that represents the SGC Rule.

This is the description of the SGC Rule.

This refers to the contribution percentage that applies to this rule.

As of 1 July 2016, the legislated value is 9.5%. However, this is subject to change. Please refer to the ATO website for more details.

This refers to the Allowance/ Deduction code to be used to post any shortfall in contributions for this rule.

This is the Recipient for the selected SGC Rules Code, if applicable.

Any shortfall transactions that has a Recipient ID, whether manually entered via Time Card Entry, Prepay/Rebank

This is the minimum age that applies to SGC.

• SGC contributions may apply to employees under the age of 18 and who work for 30 hours or more per week.
• As of 1 July 2016, the legislated minimum age is 18 years old. Please refer to the ATO website for more details.

 

This is the maximum age that applies to SGC.

As of 1 July 2016, there is no maximum age for SGC. Thus, the value that should be entered is '99'. Please refer to the ATO website for more details.

This is the minimum dollar amount of earnings.

• Currently employees who earn less than $450 per month are not eligible.

• As of 1 July 2016, the minimum earnings before non-contributory superannuation payable is $450 per month. Preceda can calculate the SGC for this value on Weekly, Fortnightly, and Monthly employees. Please refer to the ATO website for more details.

 

This is the minimum number of hours that apply to employees under 18 years old.

• In order to apply the SG calculation for employees under 18 years old, this field must be set to a minimum of 30.00 hours per week.
• If a fortnightly U18 works for 30 or more hours in any week, the SG charge will be calculated on that week. However, no SG charge will be calculated if 30 or more hours were not worked per week .

• As of 1 July 2016, the minimum number of paid hours before non-contributory superannuation payable is 30 hours. Preceda can calculate the SGC for this value on Weekly, Fortnightly, and Monthly employees. Please refer to the ATO website for more details.

 

This refers to the number of weeks before an employee becomes eligible for SGC. Currently, there is no eligibility period set by the Government. Please refer to the ATO website for more details.

This refers to the value supplied annually by the ATO, and is used for capping SGC calculations.

As of 1 July 2016, the Quarterly Maximim Superannuation Contributions Base is $51.620. Please refer to the ATO website for more details as these rates need to be frequently updated.

This refers to the date that the maximum earnings base becomes effective. This is usually the first day of the financial year.

Please refer to the ATO website for more details.

In Preceda, non-contributory superannuation contributions can be calculated either each pay using cumulative values for the calendar month, or monthly on the last pay day within the month, depending on business requirements. A flag on the Payrun Header will initiate super calculations based on the SGC rules.

This is the quarterly maximum $ amount of superannuation that can be paid by the company on behalf of the employee.

The Maximum Super Payable field is calculated via:

• Quarterly Max Earning Base x Required Contribution % / 100

  (51,620 x 9.5 / 100 = 4,903.90)

Super will be payable until it reaches the Maximum Super Payable, and stops when the end of the quarter is reached.