Salary Sacrifice Integrity and Choice of Super Fund: Bill introduced
Liz Gibbs • September 13, 2017
The Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 2) Bill 2017 , introduced in the House of Reps Thur 14.9.2017, proposes the following amendments to the Superannuation Guarantee (Administration) Act 1992 :
- SALARY SACRIFICE INTEGRITY: employers will be prevented from using an employee's salary sacrifice contributions to reduce their own minimum 9.5% super guarantee (SG) contributions. Salary or wages sacrificed to superannuation will be specifically included the earnings base for calculating an employer's SG contributions on the pre-salary sacrifice base.
- CHOICE OF FUND: to be extended to employees covered by workplace determinations and enterprise agreements made on or after 1 July 2018.
The Bill has been referred to the Senate Economics Legislation Committee for report by 23 October 2017.
DATE OF EFFECT: 1 July 2018.
If you have any questions about how the proposed changes apply to you, please don't hesitate to contact Liz Gibbs at Robert Goodman Accountants on 07 3289 1700.
Let’s be honest—most of us start our day with the best intentions, only to be buried under a mountain of emails, meetings, and never-ending to-do lists. It’s easy to feel overwhelmed and lose sight of what really matters. But what if there was a simple way to cut through the chaos and take back control of your day?
One of the most effective ways to improve profitability is through the elimination of waste. But before you can eliminate it, you must first understand what it looks like and where it exists. Toyota, after years of refinement, identified the Seven Wastes—a foundational tool in lean thinking designed to help businesses
Do you ever feel like your calendar is running your life, rather than the other way around? If you’re constantly playing the “too busy” card or letting others fill up your diary with meetings, it might be time to try a new approach: timeboxing.
