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13 May 099 SGC: meaning of the terms "ordinary time earnings" and "salary or wages" - SGR 2009/2

This final Superannuation Guarantee ruling was issued on 13 May 2009. It was previously issued in draft form as SGR 2008/D2.

This Ruling explains the meaning of "ordinary time earnings" (OTE) as defined in s 6(1) of the Superannuation Guarantee (Administration) Act 1992 (SGAA). The definition of "ordinary time earnings" is relevant to employers for the purpose of calculating the minimum level of superannuation support required for individual employees under the SGAA.

This Ruling also explains the meaning of "salary or wages" as defined in s 11 of the SGAA. The definition of 'salary or wages' is relevant in calculating the superannuation guarantee shortfall of individual employees where their employer has not provided the required minimum level of superannuation support.

For a copy of SGR 2009/2, go here.

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