Looking for a quick, easy, no fuss way to send your employer super contributions to us?
 ... register with us online and pay by BPAY!®
There's big benefits in paying your employer super contributions to us online using BPAY ... no matter how big or small your organisation.
- It's a simple, quick, hassle-free process - you do it all online in quick time and there's no annoying forms or cheques.
- You have an electronic record of all your payments - no more need for those paper files.
- Quick processing - paying online by BPAY speeds up the process of crediting your employees' super accounts.
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It’s time to sign up for our new Stay in Touch programme
Want to stay in touch with what’s happening with your employees’ super and hear all the latest employer super news?
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Important super news for employers ...
1. Ordinary Time Earnings - tax office clarifies meaning, 2. Reportable Employer Superannuation Contributions - important reminder for employers.
Calculating Super Guarantee payments for your employees - tax office clarifies its meaning of OTE
- The tax office has issued a new ruling clarifying its meaning of Ordinary Time Earnings (OTE).
- This is important because you need to use an employee's OTE to calculate the Superannuation Guarantee contribution (the 9% employer contribution) you need to make for them*.
* Important reminder for industry employers - you have extra super obligations to your employees that are outlined in special state legislation and the AUSCOAL Super Fund's Trust Deed. These obligations have not changed. Call us on 1300 AUSCOAL (1300 287 262) if you have any questions.
Reminder - you now need to record your employees' Reportable Employer Superannuation Contributions
- In our last Employer Update, we told you about a new rule from the tax office that means you need to report your employees' salary sacrifice super contributions on their Payment Summaries.
- Just a reminder to start recording these contributions as the new rule took effect on 1 July 2009.
- The first Payment Summaries that you will need to show this amount on will be ones you issue for the 2009/10 financial year.
More information on these stories ...
Visit the tax office's website:
You can also give the tax office a call on 132 866.
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Our next member seminars set for September and October
The theme for our next round of member seminars in September and October is 'Making the most of the Super recovery'.
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If you have any questions about this newsletter or your AUSCOAL Super account, you can contact us by email, phone, face-to-face or post. |
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Read our latest member newsletter, AUSCOAL Extra
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It focuses on some simple things members can do to get the most out of their super...
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It’s easy to contact AUSCOAL Super
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We’ve changed our contact details so it is easier for you to remember all the different ways to contact us.
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