News

Articles

2010 WCO Photogragh of the Year Competition
Self-employed lead bankruptcies
Ladder Stopper
Yellow Pages Closing Soon
New Product for Ladders
Why be a Member?
Do I pay superannuation for contractors
Superannuation Changes July 1 2008
Unger
Australian Dollar Collapse
Cutting back is for wimps
Work Fair Unfair dismissals July 2009
IWCA Conference Report
Tax Changes
Health and Safety fall in Line
IWCA Convention and Trade Show
Newsletter
CleanScene Expo April 2011
Superannuation
Cleanscene
Training Videos
Eureka's Quad Pro
Winsol CC550

Superannuation Changes July 1 2008

21 August 2008

Superannuation Guarantee Act Changes from July 1st 2008.

Under these new changes, employers must now pay superannuation on their staffs whole salary and not just on their base salary.Heavy penalties apply if you get this wrong.

Superannuation

5 May 2010

Superannuation update

1. An increase in the maximum super contribution to $50 000 for people aged over 50 with super balances of less than $500 000

2. An increase in the Super guarantee. New rules for compulsory employer super to be gradually increased from the current 9% to 12% from 2013 over 7 years.

3. A government super contribution of up to $500 from July 1st 2012 for individuals earning less than $37000

As this Newsletter was going to print no schedule is available.If you employ staff, just continue at the current rate of 9% until the government issues the commencement of the incremental changes. The AWCF will keep you informed.