Unit 2: Money In: Employer Contributions - 2024

Getting employer super contributions right is complex but crucial! We cover employer obligations & practical tips for accountants who are providing payroll and super services.

In this unit, we cover:

• What’s super payable on?

  • Ordinary Time Earnings (OTE)

  • Employee vs Contractor

• Super Choice & Default Employee Super Funds

• Super guarantee & SGC

  • Lodging an SGC statement

  • Penalties & Remission

• ATO Small Business Super Clearing House (SBSCH)

  • Eligibility

  • Process

• Other clearing house options

• Salary sacrifice & superannuation

• Deductibility of superannuation payments

• Deadlines & other admin

  • Due dates for paying super

  • Reporting via STP

  • Payday super from 1 July 2026

Date recorded: 26 September 2024