From 1 July 2022, the $450 per month threshold for super guarantee eligibility will be removed. The change will expand the coverage of SG to eligible employees regardless of their monthly pay.
Small Business Superannuation Clearing House users – want to claim a deduction for superannuation contributions? Your super payments must be accepted by 23 June 2020.
Employers should take note of the new rules that became law on 28 October 2019, regarding the application of compulsory superannuation guarantee to salary sacrificed superannuation amounts.