Simple checks for super success

Help your employer clients get their super obligations in check.

It’s important that employers meet their superannuation obligations. Help them by asking them to complete these simple checks.

1. Check which workers are eligible – the classification of each worker must be correct. Your clients need to determine which of their workers meet the eligibility requirements to receive the super guarantee (SG).
2. Check the super fund details are correct – super contributions must be paid to the right fund. Either a fund of the worker’s choice, a worker’s stapled super fund, or your client’s default fund. Employers must ensure the correct fund has been selected and they have provided the fund their worker’s TFN.
3. Check the right amount of super is being paid – the SG rate is currently 11%. From 1 July 2024, the rate will increase to 11.5%.
4. Check that contributions are paid on time – super contributions must be paid at least 4 times a year, by the quarterly due dates. The next payment is due on 28 July. If the employer uses a super clearing house, they need to allow enough time for payments to reach the worker’s super fund as processing times can vary.
5. Check your client has lodged a super guarantee charge (SGC) statement and paid the SGC to us by the due date if a payment is late or missed – additional penalties may apply if they don’t.

Clients who are behind in their super obligations, or feel they’re falling behind, should use our checklist to help them get up to date.

If you have any questions, feel free to ask them in the comment section. We will be happy to answer all your queries.