Employers must pay employee super contributions at least once a quarter by the relevant due dates. You can choose whether this is one or multiple payments across the quarter, such as fortnightly or monthly. Payment frequency may depend on whether employees are covered by an award or employment...
10 minread Top mistakes to avoid The ATO reports that common superannuation mistakes include: Not paying enough super to employees Missing the due dates Not keeping accurate records Not passing on the employees TFN to their super fund Not understanding when super should be paid for contractors ...
Principle 1: Continuous improvement and building trust – regulators adopt a whole-of-system perspective, continuously improving their performance, capability and culture, to build trust and confidence in Australia’s regulatory settings Principle 2: Risk-based and data-driven – regulators maintain essen...
APRA released six frequently asked questions (FAQs) to provide further guidance to trustees for phase 1 of the Superannuation Data Transformation (SDT) project. The new FAQs are: FAQ 1.0: What data is required for the historical data collection and what are the due dates for submission of data...
The latest due dates are outlined below: SG quarter Latest due date for SG contributions 1 April – 30 June 1 July – 30 September 1 October – 31 December 1 January – 31 March 28 July 28 October 28 January 28 April For more information on quarterly SG and reporting requirements, please...
AustraliaFinance KG K&L Gates LLP Article Financial Services Compensation Scheme of Last Resort Annual Levy – Are you required to pay? AustraliaFinance SG Sophie Grace Pty Ltd Article ASIC enforcement: Credit licencees' general co...
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due to amendments to relevant legislation, the breach of trustee covenants attracted increased civil penalties under the Superannuation Industry (Supervision) Act 1993 (Cth) - where the same reforms prohibited the trustees from obtaining an in...
is unable to continue working due to permanent incapacity† > severe financial hardship (limits apply) > specified compassionate grounds (limits apply) > some former temporary residents of Australia will have the option of accessing their superannuation benefits after permanently departing Australia. If...
(via Racing NSW) to jockeys, in accordance with NSW racing rules, over a number of years. However, the Club claimed that it was not liable to make such payments (because it was not an employer) and only did so on behalf of the horse owners and trainers due to historical administrative...