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Superannuation Guarantee

The Superannuation Guarantee (SG) commenced in 1992. The compulsory SG minimum was 3% of an employee's salary in 1992 and had increased to 9% by 2002. Recent legislation provides for the SG rate to increase gradually to 12% between 1 July 2013 and 1 July 2025 as shown in the table below.

Financial yearRate
From 2025–2612.00%

Ensuring you receive your SG entitlement

Since the SG was introduced in 1992, the State Super schemes have implemented measures to calculate and compare the employer-financed benefits (including the Basic Benefit and any applicable Additional Employer Contributions (AECs)) payable to members against the SG. This is to make sure that members receive their SG-equivalent entitlements. If your State Super employer-financed benefits are less than the SG, your benefits will be increased to the SG level through an additional benefit called the Superannuation Guarantee (SG) shortfall amount.

How your scheme measures your entitlements

The basic benefit you are entitled to (generally up to 3% of your final average salary for each year of service) and any applicable AECs are added to your employer-financed benefit in your contributory scheme. If the total falls below the SG benefit requirements, an additional payment is made representing the difference. This is called the Superannuation Guarantee shortfall amount. The amount of any Superannuation Guarantee shortfall payment will be shown on your Annual Benefit Statement, but only when it is relevant. If your scheme benefits exceed the SG entitlement, then the shortfall amount will not be applicable and will not be included on your Annual Benefit Statement. As the SG increases over the next ten years, your scheme entitlement will continue to be measured against the SG entitlements at the increased level.