The changes mean more employees may be eligible for super.
The changes started on 1 July 2022. Businesses need to pay super for employees at a rate of 10.5 per cent, regardless of how much they earn, because the $450 per month threshold for SG eligibility has been removed.
The Australian Taxation Office recommends checking eligibility for employees who may not previously have been eligible for SG.
Businesses should also be mindful of other eligibility requirements for SG — particularly if they hire workers who are under 18 years old. These workers still need to work more than 30 hours a week to be eligible for SG.
The ATO said employers need to check their payroll and accounting systems have been updated so they’re calculating employees’ SG payments correctly and ensure they pay the right amount of SG to all eligible employees in full, on time and to the right fund by the due date.
