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Employer obligations

Superannuation Guarantee (SG)

The SG legislation requires you, as an employer, to pay a minimum level of super for each of your employees. The minimum level, as a percentage of each employee's average weekly ordinary time earnings is 9%. However, if your employees are covered by an Award or industrial agreement that specifies a higher amount then you are obliged to pay the higher amount.

The exceptions under the SG legislation are employees:

Who earn less than $450 in any calendar month or
Aged 70 years or over or
Under 18 years of age who work less than 30 hours per week or
Senior foreign executives or
Non-resident employees paid for work done outside Australia.

There are penalties imposed under the SG legislation if you don't make SG contributions on behalf of your employees at least quarterly. However, as a participating CareSuper employer, SG contributions are usually paid at least monthly (unless otherwise authorised) which means it is unlikely you will breach any non- or late payment rules.

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Awards

Check out the awards CareSuper has won

Heron Partnership - 6 Star top rated fund 09/10

Super Ratings - Platinum savings 2009/10

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CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 CARE Super ABN (Fund) 98 172 275 725