|Employer Information > Superannuation|
Information about “Superannuation Guarantee Obligations” is available from the Australian Taxation Office (ATO).
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
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