When are contributions due?

MTAA Super encourages employers to pay contributions monthly. Payments for the calendar month are due by the 14th of the following month. For example, the contribution for March is due by 14 April.

The legislation states that you must pay contributions at least quarterly. Quarterly payments must be received by the Fund within 28 days following the end of the quarter. Contributions are due by 28 October, 28 January, 28 April and 28 July each year.

Legislation also requires that if you are deducting after-tax salary contributions on behalf of an employee, these must be sent to the Fund by the 28th day of the following month. For example, if you deduct an amount on 15 April, this must be sent to the Fund by 28 May. 

Are there any penalties if I do not make at least quarterly payments?

Yes. Failure to make at least quarterly contributions may result in the employer having to pay the Superannuation Guarantee Charge (SGC). This charge includes an additional administration fee and interest charge payable to the Australian Taxation Office (ATO). These amounts are not tax deductible and may be in addition to any contributions already paid for that period.

Are reminder notices sent out by MTAA Super?

Yes. Employers registered to pay:

• monthly will receive a reminder notice if payment has not been received by the 14th of the month; or
• quarterly will receive a reminder notice before the SG cut off date for that quarter.

What is included in Ordinary Time Earnings (OTE)?

For an explanation of Ordinary Time earnings, please refer to the ATO website, at www.ato.gov.au, or call the Superannuation Guarantee enquiry line on 13 10 20.