21 Jan 2022

Removing the $450 per month threshold for superannuation guarantee eligibility

The Australian Government announced on 11 May 2021, as part of the 2021–22 federal Budget, that it will abolish the $450 monthly threshold to expand coverage of super guarantee to qualified employees regardless of monthly pay.

This measure is not yet in effect.

If they meet the other eligibility requirements, qualified employees earning less than $450 per month will be paid super guarantee by their employer beginning July 1, 2022.