G'day @Lay 👋
Yes, one of the many changes for Payday Super is that employers must additionally report QE in STP2. No other fields are changing 😉
There are 2 types of super:
- Super Guarantee - the minimum super obligation of every employer, defined in the super legislation: OTE/QE (capped by MCB) x 12% = SG.
- Industrial super - defined in industrial instruments such as Awards, Agreements etc. Some Awards may require employers to pay additional industrial super on payments that are not-OTE/not-QE. This is not SG and not capped by the MCB. Agreements may require an employer to pay a higher rate, such as 13%. It depends on what the industrial instrument defines.
The ATO guidance may assist employers to correctly classify payments as QE. It's just an overview, not every payment. Car allowances may be QE or may not be QE. It depends 🤔
Deanne