Superannuation guarantee

Employer super quick check

Paying super is an important part of being an employer. Super provides income for your workers in retirement.

Here’s how to run a quick check of your super obligations to make sure you’ve got everything sorted:

  • Check you’re paying super to all eligible workers.
    • Some contractors may be entitled to super.
  • Check you’re paying the right amount.
    • Currently you need to pay a minimum of 9.5% of their ordinary time earnings.
  • Check you’re paying on time.
    • It’s tax deductible against your business income.
    • At a minimum, pay super quarterly.
    • If you don’t pay on time, you need to pay a superannuation guarantee charge, which is not tax deductible.
  • Check you’re paying to the right place.
    • Pay super into your worker’s fund of choice.
    • If they haven’t given you the details, pay it into your default fund.
  • Check you’re paying the right way.
    • Pay the SuperStream way – where both payments and data are sent electronically in a standard format.
    • You may be able to use the free Small Business Super Clearing House to distribute payments to your employees’ super funds.
    • Single Touch Payroll is the next step in streamlining your payroll reporting.
  • Check you’re keeping accurate records.
    • Keep evidence to show you’ve met your obligations.
Employing people involves lots of obligations, including superannuation. We have the tools and advice to help you get it right – call the team at Omnis Group in Perth on 08 9380 3555.

Related reading

Super Guarantee (SG) Amnesty

Source: ATO

Justin Flavel

Managing Director

Justin’s experience spans across 20 years in accounting, financial analysis and general business practice.

Although born and bred on the land, Justin’s interest was more in spreadsheets, ledgers, and finance which led him to attend university. In 1992, Justin graduated with a Bachelor of Business majoring in Accounting and Finance. As well as qualifying as a CPA member and becoming a Fellow of the Taxation Institute of Australia, he began gaining practical experience in small and mid-tier accounting practices.

During the late 90s, Justin decided to expand his horizons and travel through Europe. It was during this time that he seized the opportunity to expand his knowledge on the workings of large organisations by taking on roles in multinational corporations.

Today, Justin’s passion is in facilitating businesses to grow and evolve. His focus is on acting in the role of business mentor to help clients develop the full potential of their businesses. He joins clients on their unique journey, and provides the tools and knowledge they need along the way to make the right decisions.

Justin’s aim for his clients parallels his own philosophy and personal journey—focusing on his own career growth and business success while maintaining balance in his life with his wife and three daughters.

Omnis Group Managing Director - Justin Flavel