Join ABN
Or Call 1300 856 710

Latest News

All the latest news and events from the Bookkeeping Industry

No Employee Super Details?

ABA Tech Talk

For the many bookkeepers who handle employer superannuation, with the abolition of the Superannuation Holding Accounts Reserve (SHAR) a few years ago, do you know where an employer pays a worker’s Superannuation Guarantee in the event that the employee no longer works for the employer and has failed to provide the employer with a completed Superannuation Choice form? This is quite a common situation where an employee had a very short tenure, such as with seasonal workers.

While formerly these amounts were paid to the ATO (and held by SHAR), they should now be paid to the employer’ nominated default fund. If the employee no longer works for that employer, and the super payment is late, you must complete the Superannuation guarantee statement and calculator tool and make the payment to the ATO.

Category
ABA
Published
07 May 2019
NEXT Webinar: Make EOFY Great Again
PREV Workplace culture gone wrong - how to make it right
Back to news listing

Click here to subscribe