The government has proposed changes to how employers report super contribution information on an employee’s payslip. Once implemented, employers will be required to report on an employee’s payslip:
- The amount of all super contributions (SG, industrial instrument, salary sacrifice and voluntary employee contributions) for the pay period
- The date when the contributions will be paid to the employee’s super fund.
This means that employees can keep track of their super contributions by checking their super account and seeing that their employer has paid their entitlements.
For employers, this means you need to update your payroll system and procedures to ensure the correct super contribution amount and date paid are added to the payslips of employees.