Superannuation guarantee matters

The information in this Superannuation Guarantee article replaces our original post from December 2009 and is largely drawn from the WorkplaceInfo website, who in turn, acknowledge that it is based on writings by Shirley Murphy, a Tax and Superannuation Consultant. What is the Superannuation Guarantee scheme? The Superannuation Guarantee (SG) is a compulsory system of superannuation support for Australian employees, paid for by employers. The system was introduced in 1992. [...]

By |2021-07-03T17:55:56+10:00December 13, 2009|General, Superannuation Strategies|Comments Off on Superannuation guarantee matters

Superannuation guarantee charge liability

Employers may become liable to pay the superannuation guarantee charge (the sgc) if they fail to pay their superannuation guarantee amounts  (sga) in a timely fashion. The charge itself is extremely penal and should be avoided at almost any cost. 'Employers' may also include contractors who engage sub-contractors under certain conditions - such as when, where and how their contracts are to be performed, in a way that might be seen [...]

By |2020-01-07T11:43:40+10:00September 19, 2008|General, Superannuation Strategies|0 Comments
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