abbrev. SG legislation legislation which requires employers to provide a minimum level of superannuation support for most employees. Employers can meet the requirements of the legislation by making the required contributions to an appropriate superannuation fund by the twenty-eighth day following the end of the quarter in which the relevant income was earned or by paying a penalty charge (the Superannuation Guarantee Charge) to the ATO.
The Superannuation Guarantee schedule is as follows:
| Year | Superannuation Guarantee (% of salary to be paid by employer to complying superannuation fund or RSA) |
| 1997-1998 | 6 per cent |
| 1998-1999 | 7 per cent |
| 1999-2000 | 7 per cent |
| 2000-2001 | 8 per cent |
| 2001-2002 | 8 per cent |
| 2002-2003 to 2012-2013 |
9 per cent |
Superannuation Guarantee contributions must be made to a complying superannuation fund in accordance with the choice of fund requirements, are fully vested and must be preserved from 1 July 1994. Superannuation Guarantee applies to all employees paid $450 or more per month.
In 2012 the Government legislated to increase the SG rate from 9 per cent to 12 per cent. The new Superannuation Guarantee schedule is as follows:
| Year | Superannuation Guarantee (% of salary to be paid by employer to complying superannuation fund or RSA) |
| 2013-2014 | 9.25 per cent |
| 2014-2015 | 9.5 per cent |
| 2015-2016 | 10 per cent |
| 2016-2017 | 10.5 per cent |
| 2017-2018 | 11 per cent |
| 2018-2019 | 11.5 per cent |
| 2019-2020 (and thereafter> |
12 per cent |