It is important to have established processes put in place for managing employee super. Here we provide some general tips.
When enrolling new employees, first determine whether or not they are eligible for super contributions. Some employees such as contractors, non-resident employees, temporary foreign workers and employees under the age of 18 may not be eligible.
It is important to have a sound process in place, as failing to meet your employee super obligations can incur fines from the ATO. You need to be aware of some of the key things which are listed below.
More information on what, if any, award or agreement covers your employee can be found at the Fair Work website.