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Super choice rules will change from 1 November

17/09/2021

You’ll have an extra step to take if you have new employees who start from 1 November 2021 and they don’t choose a super fund. You may now need to request their ‘stapled super fund’ details from the Australian Tax Office (ATO). A stapled super fund is an existing super account of an employee that […]

SG minimum to increase 10% from 1 July 2021 - are you ready?

04/06/2021

The Superannuation Guarantee (SG) rate will increase to 10% from 1 July 2021 under the Superannuation Guarantee (Administration) Act 1992 (Cth) (SGAA) and will rise by 0.5% per year until it reaches 12% by FY 2025. Employers need to start planning now for the change in the superannuation contributions. Total remuneration package Where employees are […]

Superannuation rates and thresholds increase from 1 July 2021

27/05/2021

The latest AWOTE details released by the ABS have been used to calculate the following superannuation rates and thresholds for 2021-22. Contribution caps The concessional contributions cap is set to increase to $27,500 (up from $25,000 since 2017-18). As the concessional cap is now only indexed in $2,500 increments, the AWOTE index was (finally) sufficient […]

Federal Budget 2021/22

12/05/2021

Last night Treasurer Josh Frydenberg delivered the 2021 Federal Budget which was an extension of October’s 2020 COVID-recovery Budget, and focused on job creation and spending for individuals, in the wake of the pandemic. With an election looming, the conservative Budget included few surprises, continuing to give support to some key industries (but not all), […]

Wage theft criminalised in Victoria

30/09/2020

Consider the related financial, reputational and compliance risks for your business. On 1 July 2021 wage theft became a crime in Victoria. The Wage Theft Bill 2020 creates new employee entitlement offences, comprising wage theft offences and new record keeping offences. It is designed to capture employers who falsify or fail to keep records for […]

EOFY Superannuation Contributions

01/06/2020

Making contributions into your super can be a great way help boost your income in retirement. What’s more, the sooner you start, the greater the impact could be. With the End of the Financial Year fast approaching, here are some handy reminders of the ways you can add extra funds into your super accounts. Make […]

Employment Taxes Update 2020

10/03/2020

ShineWing Australia invites you to our annual Employment Taxes Update which outlines the latest tax news and changes. The seminar will discuss the latest tax news and changes and provide an update on the following: What’s new and recent developments FBT recap Superannuation & Amnesty update Global mobility & Tax residency insights Employee Share Scheme trends […]

Employment Taxes Update 2019

12/02/2019

ShineWing Australia invites you to our annual Employment Taxes update which outlines the latest tax news and changes. The seminar will discuss the latest tax news and changes and provide an update on the following: What’s new and recent developments FBT recap Superannuation and amnesty update SRO / OSR payroll tax activity Global mobility / […]

ALERT: Are you a substantial employer?

27/03/2018

Are you a substantial employer and if so, ready for the Single Touch Payroll framework? As of 1 April 2018 a headcount must be conducted on all employees including full-time, part-time and casuals that worked at least once in the month of March. Single Touch Payroll (STP) is the new reporting framework under which employers […]