Super Guarantee increased rate from 1st July
From the 1st of July 2023, the Superannuation Guarantee percentage will increase to 11% (up from 10.5%) .
Family and Domestic Violence Leave becomes law
From 1 February 2023, new changes to the National Employment Standards will require employers to provide paid Family and Domestic Violence leave to all employees.
Superannuation guarantee increase to 10.5% from 1st July
The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each year until it reaches 12% on 1 July 2025.
Fringe Benefits and religious practitioners – new ATO examples
The ATO has recently added some new examples on its website to help explain the requirements for exempt fringe benefits provided to religious practitioners.
Removal of the $450 super guarantee contribution threshold
In February this year the federal government passed legislation to enact previously announced changes to the superannuation system. One of these was the removal of the $450 super guarantee contribution threshold
Are you ready for STP Phase 2?
Most employers will be familiar with Single Touch Payroll STP) and to further streamline employer reporting obligations, an expansion of STP is on its way requiring additional information to be reported to the ATO.