Employer guide for reportable employer superannuation contributions (RESC)
In the 2010-11 Federal Budget the government announced future changes to super. These changes, if passed by parliament, will change the information on this page. For a summary of these changes, refer to Changes to super.
As an employer, this guide will help you to work out how much of the super contributions you make for your employees are reportable employer superannuation contributions and how to keep appropriate records of those contributions.
Reportable employer superannuation contributions are salary sacrifice or extra super contributions you make for an employee. Super guarantee contributions or contributions you make under a collectively negotiated industrial agreement are not reportable employer super contributions.
Reportable employer superannuation contributions can affect your employees' tax liability and their access to a wide range of government benefits.
This guide will also help you to work out:
if the extra employer contributions are employee influenced
which of an employee earnings you should use when calculating your compulsory contributions for that employee
what to do if you make employer contributions in excess of your compulsory contributions for administrative simplicity or where you can show that the employee did not, or could not, influence the extra contributions you made for them.
Some technical terms in this guide may be new to you. They are shown in bold when first used, and are explained in the list of definitions.
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