Superannuation has been a hot topic of discussion recently – and for all the wrong reasons! The seasonal practice by governing political parties of leaking information about budgetary proposals under consideration led to considerable, mostly ill-informed discussion in the community.
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. [...]