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  • Super for employers

    Super is money you put into your employees' super funds, to provide income for them when they retire.

    You must pay super for your eligible employees. This is called super guarantee (SG). There is a minimum amount of super that you have to pay, but you can pay more. It is calculated as a percentage of the employee’s earnings.

    SG is payable at least on a quarterly basis and is due by the 28th day after the end of each quarter. You may choose to pay more frequently, such as when you pay your employees.

    Your eligible employees may be entitled to choose their super fund. If so, you must provide them with a form enabling them to make their choice.

    If you need help, phone our Super infoline on 13 10 20.

    Transitional super guarantee rates for Norfolk Island

    Super guarantee transitional rates apply to Norfolk Island, starting at 1% on 1 July 2016 and increasing 1% yearly to 12% by 1 July 2027.

    If your business employs workers who work on the mainland, you will need to calculate and pay super for them at the general SG rate for mainland Australia.

    Table 5 below shows the rate to use for each situation.

    Table 5: Determine which super guarantee rate to use

    Employer is based on …

    Work is performed on …

    Employee's resident status is …

    SG rules that apply

    Norfolk Island

    Norfolk Island

    Norfolk Island resident

    Norfolk Island transitional SG rate

    Australian mainland

    Norfolk Island

    Norfolk Island resident

    Norfolk Island transitional SG rate

    Australian mainland

    Norfolk Island

    Australian resident

    General SG rate

    Either Norfolk Island or Australian mainland

    Australian mainland

    Either Norfolk Island or Australian resident

    General SG rate


    Table 6: Transitional super guarantee percentage rates for Norfolk Island

    Financial year

    Norfolk Island transitional SG rate

    General SG rate

    2016–17

    1.0%

    9.5%

    2017–18

    2.0%

    9.5%

    2018–19

    3.0%

    9.5%

    2019–20

    4.0%

    9.5%

    2020–21

    5.0%

    9.5%

    2021–22

    6.0%

    10.0%

    2022–23

    7.0%

    10.5%

    2023–24

    8.0%

    11.0%

    2024–25

    9.0%

    11.5%

    2025–26

    10.0%

    12.0%

    2026–27

    11.0%

    12.0%

    2027–28

    12.0%

    12.0%

    See also:

     

    Last modified: 13 Mar 2017QC 47353