1.1.S.96 Superannuation guarantee charge percentage
Definition
The SG charge percentage for a given year is the rate used to calculate the SG charge. It is determined using the table in subsection 19(2) of the Superannuation Guarantee (Administration) Act 1992.
This means the percentage used to calculate the PPLSC is the same as that used to calculate the superannuation guarantee.
Act reference: Superannuation Guarantee (Administration) Act 1992 section 19 Individual superannuation guarantee shortfalls