Calculating superannuation guarantee amounts

Employers calculating superannuation guarantee amounts may find they increased as from 1 July 2008! More of what is paid to staff and sub-contractors came into consideration as OTE (ordinary times earnings), which now includes performance-related bonuses; regular over-award payments; commissions; and expense allowances - with consequent effects on calculating superannuation guarantee amounts. The statutory rate was not changed from 9%, but with these inclusions the amount to which the statutory rate [...]