Abbreviation	Meaning of Abbreviation
OTE	Ordinary Time Earnings: Defines the payment types which must be included in the SGA calculations based on the ordinary hours worked by an employee.
SGA	Super Guarantee Act: This Act was introduced in 1992 to ensure that employers contributed a minimum amount into a super fund on behalf of each employee.
SGC	Super Guarantee Charge: This relates to the penalties faced by employers who do not pay super contributions by the due date. This payment comprises of: Short-fall Nominal Interest Administration Charge
GIC	General Interest Charge: This is a late payment fee that is incurred if payment of SGA is not made by the 28th of the following month of the Super Payment Quarter.