MAKING CONTRIBUTIONS
Contribution payments made easy
We’ve made it as easy as possible for you to make contributions. Everything you need to know can be found in the Employer guide – Completing your contribution return.
Changes to the Superannuation Guarantee and Ordinary Time Earnings (OTE)
The Federal Government announced changes to the way employers are required to calculate the earnings base to determine their Superannuation Guarantee liability from 1 July 2008.
For people employed prior to 21 August 1991, the Superannuation Guarantee is calculated based on an earning base defined in an industrial award or an existing agreement with their employer. For people employed after that date, it’s calculated based on Ordinary Time Earnings in accordance with the Superannuation Act 1992. Essentially this means that two people doing the same job could have different amounts of Superannuation Guarantee paid by their employer.
From 1 July 2008, employers must contribute 9% of an employee’s Ordinary Time Earnings so that all employees earning the same amount get the same Superannuation Guarantee.
Please refer to the ATO for further details.