From this 1st July 2022 onwards, Company owners need to pay super to their staff who earn less than $450 per month, provided they meet other eligibility requirements.
This change results in raising the super guarantee eligibility so that workers can receive super regardless of how much they make.
So, Before July 2022, Review and check the accounting and payroll system of your company and it has been updated so you can correctly calculate your employees’ super guarantee payments. Your company’s online service provider can be able to assist with further information on how and when they will execute software changes to reflect the new requirements.
We will give more information s and guidance regarding these updates.
https://www.ato.gov.au/Newsroom/smallbusiness/Super/Super-to-cover-more-employees/?sbnews20220316
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