ATO reminds employers who hire staff on a short-term or occasional basis, that they need to be aware of recent changes to super guarantee (SG). The changes mean more of their employees may be eligible for super.
(https://www.ato.gov.au/Business/Business-bulletins-newsroom/Employer-information/Hiring-holiday-employees--Be-aware-of-changes-to-super/)
The changes started on 1 July 2022, with the need to pay super for employees at a rate of 10.5%, regardless of how much they earn, because the $450-per-month threshold for SG eligibility has been removed.
They 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 in a week to be eligible for SG.
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