On September 3, 2025
Superannuation Guarantee (SG) Increase July 2025
What Employers Need to Know Starting 1st July 2025, the Superannuation Guarantee (SG) rate will increase from 11.5% to 12%. This means employers must contribute a higher percentage of their employees’ wages to superannuation. Employers should update payroll systems to reflect the new rate and ensure they meet their obligations. Failure to comply could result in penalties, including
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On May 5, 2017
Business Information Sheet – Superannuation Guarantee
Superannuation Employer Obligations Offer your employees a ‘choice of fund’ Identify new employee is eligible Provide a standard choice form Nominate a default fund (must be a MySuper product) Act on employee’s choice of fund Pay superannuation guarantee before due date As of 1 July 2014, the superannuation guarantee rate is 9.5% You must keep
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On May 5, 2017
Business Information Sheet – SuperStream
SuperStream Overview SuperStream is a compulsory system of submitting Superannuation Payment information (standardised data) electronically. The information links the payment made by the employer to the employees account in the relevant superfund/s. It is the intention that SuperStream will make the whole superannuation system and employer meeting their obligations efficient, faster, more reliable and with
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