SG Act definition
Examples of SG Act in a sentence
The employee will be paid employer superannuation contributions as required under the SG Act.
Applicable legislation includes: Fair Work Act 2009 (Cth) (FW Act); Public Sector Management Act 1994 (ACT) (PSM Act); Public Sector Management Standards (PSM Standards); Financial Management Act 1996 (ACT) (FM Act) Work Health and Safety Act 2011 (ACT) (WHS Act); Holidays Act 1958 (ACT) (Holidays Act); Territory Records Act 2002 (ACT) (TR Act); Safety, Rehabilitation and Compensation Act, 1988 (Cth) (SRC Act); and Superannuation Guarantee (Administration) Act 1992 (SG Act).
All employees covered by this Enterprise Agreement (other than existing defined benefit fund members, who will receive contributions in line with their existing defined benefit) will receive superannuation contributions in accordance with the Superannuation Guarantee (Administration) Act 1992 (Cth) (SG Act).
The Employer shall comply with all superannuation laws including the Superannuation Guarantee (Administration) Act 1993 (SG Act) and shall contribute to the employee’s chosen fund if they earn more than the minimum amount set down in the SG Act.
SteelChief will contribute to any complying superannuation fund at a rate not less than that required to comply with the requirements of the SG Act for each Employee covered by this agreement.
Where an employee does not choose a fund, contributions will be made to their ‘stapled fund’ for the purposes of the SG Act or, if the employee does not have a ‘stapled fund’, to EnergyAustralia NSW’s default superannuation fund.
The employer contribution will be: the Superannuation Guarantee contribution in accordance with the SG Act, (which at the commencement of this Agreement is 9.5%); and an additional 1%; and a further 1% for employees who make extra employee contributions of 3% or more.
The employer shall comply with all superannuation laws including the Superannuation Guarantee (Administration) Act 1993 (SG Act) and shall contribute to the employee’s chosen fund if they earn more than the amount set down in the SG Act.