| Employer Information > Superannuation |
Information about “Superannuation Guarantee Obligations” is available from the Australian Taxation Office (ATO). Click here to access information about Superannuation from the ATO Website. Important: In addition to any obligations under the Superannuation Guarantee Trainers’ have further obligations under the provisions of the Horse Training Industry Award 1998 (HTIA). Click here to access information about Clause 17: Occupational Superannuation, under the HTIA. Superannuation Guarantee obligations As an employer you have an obligation to pay super contributions on behalf of all your eligible employees. These contributions are in addition to your employees’ salaries and wages. The following is a general outline introducing requirements about Superannuation. This compulsory contribution is called the Superannuation Guarantee and it requires you to: > pay super for your eligible employees The minimum super amount you have to pay is 9% of each eligible employee’s earnings base. Generally, you have to pay super for your employees if they: > are aged between 18 and 70 Furthermore, in addition to your obligations under the Superannuation Guarantee their may be further obligations for Trainers’ under the provisions of the HTIA. You may also have to pay super for any employees who are visiting Australia on an eligible temporary resident visa. From 1 July 2008, you must use ordinary time earnings as defined in the Super Guarantee law, to calculate the minimum super guarantee contributions required for your employees. This ensures all eligible employees are treated the same for super guarantee purposes. Ordinary time earnings are generally what your employees earn for their ordinary hours of work, including: > over-award payments Furthermore, under the HTIA with particular reference to Clause 17.4.: Occupational Superannuation. |
