If you are an employer you have an obligation to pay superannuation contributions on behalf of all your eligible employees, in addition to their wages and salaries. This compulsory superannuation guarantee requires you to:
- Pay superannuation for all your employees;
- Contribute to their preferred super funds if available; and
- Pay the contributions by the cut off dates each quarter: 28 October, 28 January, 28 April and 28 July.
Please consult the Contact Officer for more information.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
You are considered an employer if you employ workers under a verbal or written employment contract on a full-time, part-time or casual basis. You may also be considered an employer if you make payments to a worker under a contract.
Generally, you have to pay superannuation for your employees if they:
- Are aged between 18 and 75;
- Are paid $450 (before tax) or more in a calendar month; and
- Work full-time, part-time or on a casual basis (including family members and company directors).
You may also have to pay superannuation for any employees who are visiting Australia on an eligible temporary resident visa.
If you do not meet your obligations, including paying your employee superannuation contributions to the correct fund, you may face penalties.
Please consult the Contact Officer for more information regarding eligibility requirements.
You need to pay superannuation contributions at least four times a year, by the cut off dates each quarter. The minimum super amount you have to pay currently is 9.5 per cent of each eligible employee's earnings base.
Australian Taxation Office
Superannuation Guarantee (Administration) Act 1992 (Australian Government)
Superannuation Guarantee (Administration) Regulations 1993 (Australian Government)
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