Tag Archives: superannuation

Australia: Super changes for employers

On 14 September 2017, the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 2) Bill 2017 (Cth) was introduced in the House of Representatives. The Bill contains two amendments which will significantly impact employers: amendments regarding … Continue reading

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Filed under Jurisdiction: Australia

Australia: ATO to ‘crack down’ on employers not paying the correct super

The Government has announced a further package of superannuation reforms to address concerns that employers may not be complying with their superannuation guarantee (SG) obligations. The proposed reforms: suggest that the ATO will be granted additional powers to ensure that … Continue reading

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Filed under Jurisdiction: Australia, Remuneration (including bonus and incentive plans)

Australia: Wage theft and non-compliance of the Superannuation Guarantee

The Senate Economics References Committee has released its report 'Superbad – Wage theft and non-compliance of the Superannuation Guarantee' following concerns raised by Industry Super Australia about considerable underpayment of mandated Superannuation Guarantee contributions.

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Filed under Jurisdiction: Australia, Remuneration (including bonus and incentive plans)

Australia: Have you updated your salary sacrifice policy?

Employers may need to review their salary sacrifice policies as from 1 July 2017 due to changes to the superannuation rules. The most significant change is that, from 1 July 2017, employees will be able to make personal superannuation contributions … Continue reading

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Filed under Jurisdiction: Australia, Remuneration (including bonus and incentive plans)