COVID-19: Super guarantee exclusion for JobKeeper payments

The Superannuation Guarantee (Administration) Amendment (JobKeeper Payment) Regulations 2020 ensure employers need not make additional superannuation guarantee (SG) contributions as a result of participating in the JobKeeper scheme.

The exclusion is relevant for employees otherwise earning wages of less than $1,500 per fortnight, which is the minimum payment required under the scheme.  

An employer is not required to be entitled to a JobKeeper payment for the regulations to apply. The regulations affect an employer’s SG obligations from the commencement of the JobKeeper scheme on 30 March 2020. Therefore, they have some retrospective application, particularly to the extent it affects superannuation contributions made in respect of the last two days of the first quarter of this year.

From CAP TAX News – 04 June 2020 / Edition 21