NO THRESHOLD & MANDATORY SUPERANNUTION GOES UP INCREASE TO 10.5% OF ORDINARY EARNINGS
Mandatory superannuation – called Superannuation Guarantee (SG) – is well established in Australia. It is calculated by employers based on an employee’s (or in certain circumstances, a contractor’s) ordinary earnings, and paid regularly by the employer to the employee’s superannuation fund. From 1 July 2022,......