When are super contributions due?

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

The legislation states that you must pay superannuation contributions at least quarterly. Quarterly super 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 super  payments?

Yes. Under the Superannuation Guarantee legislation, failure to make at least quarterly contributions can result in an employer having to pay the Superannuation Guarantee charge.  This charge which is payable to the Australian Taxation Office includes the unpaid contributions, an additional administration fee and interest.  These amounts are not tax deductible.

If you would like more information please visit the Australian Taxation Office website, www.ato.gov.au or call the ATO Superannuation Infoline on 13 10 20. Although MTAA Super may accept late employer contributions, this does not necessarily mean that your Superannuation Guarantee obligations have been met.

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 Superannuation Guarantee cut off date for that quarter.