If you earn at least $450 a month, you are guaranteed by law to receive some superannuation. This must be paid by your employer into the nominated super fund at least once every three months. The due date for any quarter is always the 28th of the first month after the quarter ends. If the 28th falls on a weekend or a public holiday, the due date is then the next working day.
The superannuation dues dates are:
|Quarter||Period||Payment due date|
|1||1 July – 30 September||28 October|
|2||1 October – 31 December||28 January|
|3||1 January – 31 March||28 April|
|4||1 April – 30 June||28 July|
Your employer can choose to make payments more regularly if they want, like every month or fortnight. If they do so, they must ensure that the total super guarantee for the quarter is still paid out by the due date, exactly as if they were paying it once per quarter.
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What happens if your super isn’t paid on time?
If your employer fails to pay the super you are owed on time, they may be liable to pay the superannuation guarantee charge to the Australian Tax Office (ATO). This includes:
- the amount they failed to pay on time
- 10% interest on the above
- a potential ‘choice liability’ for failing to pay to the nominated account
- an administration fee of $20 per employee per quarter.
Further failure to pay the superannuation guarantee charge can result in harsher action being taken by the ATO, including garnishing income, penalties for directors or filing a claim with the courts.
If your employer has failed to pay you your owed super by the due dates, you should first talk to them to resolve the issue. If that doesn’t work you can contact the ATO to start an investigation on your behalf. The Tax Office will keep you up to date with their investigation as it progresses. You can lodge a report here.
Compare superannuation with Canstar
The following table contains details of the superannuation funds rated by Canstar based on someone aged 40-49. This table has been sorted by one-year performance (highest to lowest).
Please note that the performance information shown in the table is for the investment option used by Canstar in rating of the superannuation product.