Drastic options on the cards if SG rate rises
Employers have suggested that they would take drastic measures to accommodate any future rise in the rate of superannuation guarantee contributions, including laying off workers and even exiting their business.
The sample poll, conducted on the My Business website over the month to 13 September, posed the question: “What would be your business’s primary response if the rate of superannuation guarantee (SG) contributions does increase to 12 per cent?”
Read more at MyBusiness.
