The Australian Taxation Office (ATO) gives advice and information about tax requirements and superannuation (super). This includes the compulsory superannuation guarantee.
Under the superannuation guarantee, employers have to pay superannuation contributions of 10% of an employee's ordinary time earnings when:
- an employee is paid $450 or more before tax in a month and is:
- over 18 years, or
- under 18 years and works over 30 hours a week.
If eligible, the super guarantee applies to all types of employees including:
- full-time employees
- part-time employees
- casual employees.
Temporary residents are also eligible for super.
Super has to be paid at least every 3 months and into the employee's nominated account
Further information about superannuation can be found HERE
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