Hi,
We have many employees who are on a super fund that is merging with another super. We are unable to make payment for those employees on due date as they haven't received their new super details.
What is our obligation as an employer and will we be penalised for not paying super on time?
Hi @amilaA,
For new employees that started working on or after 1 Nov 2021, you may need to request their stapled super fund details from us. You should also have an employer default fund in the event you need to pay SG and your employee has not elected a super fund by the quarterly cut-off date. Your employee may also opt' for the employer default fund on the Standard choice form.
If you haven't paid the SG into your eligible employee's super fund by the quarterly cut- off date, you'll need to complete the super guarantee charge statement and make the payment to us. The interest component and administration charge will be calculated when you complete the statement.
There's also links and information on our webpage Super for Employers. This is a great resource to help you meet employer SG obligations.
Hi Jodie,
the question was around existing employees who are on a super fund. Their super fund (BT Super and Asgard super is merging with Mercer super) is merging with another fund. Employees receive their new membership detail from 18th April to 1st May. However, from 1st April, we are unable to pay super to the current super fund(BT super or Mercer super) as the USI is no longer valid. In short, they are in a transition period where they don't have a valid super.
As an employer what are my options?
Hi @amilaA,
If you're paying SG for the 4th quarter 1st April - 30th June, the cut-off date is 28th July. If you're able to wait till you have the updated super details for your employees and then make the SG payment by the cut-off date, you've met your employer SG obligations under federal legislation. However, if you have further SG obligations under an award or agreement, you may need to make the SG payment sooner.
Hi, My question was for the super for the Q3 which is due by 28th April
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