Superannuation

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Extra Super step when hiring new employees starting soon

From 1 November 2021, you may need to request stapled super fund details from us for new employees that don’t choose a super fund. Most new employees are eligible to choose the super fund you pay their super guarantee contributions to. Currently, when a new employee doesn’t choose their own super fund, you must pay

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Major changes to employee’s superannuations

The Morrison Government has yesterday introduced legislation into parliament to ensure the superannuation system works harder for all Australians. These measures will reduce waste in the system and save Australian workers $17.9 billion over 10 years by holding underperforming funds to account and strengthening protections around the retirement savings of millions of Australians. Australians currently

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The ACCC warns of new superannuation scam targeting COVID-19 decision

The Australian Competition & Consumer Commission (ACCC) released a recent warning regarding a new superannuation scam. The scam takes advantage of the government’s decision to allow Australians partial access of their superannuations starting mid-April to lessen the financial impact of COVID-19. Since the government’s superannuation announcement in mid-March, there have been nearly 90 reported incidents

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Small businesses reminded to move to Single Touch Payroll

Small employers (those with 19 or less employees) need to get ready for Single Touch Payroll (STP) ahead of the 30 September start date. STP became mandatory for small employers from 1 July this year, however, the ATO granted an extension to businesses that needed more time to get ready until 30 September. Some employers

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