As an employer, it’s important to remember that your employee’s super contribution is only considered ‘paid’ on the date it’s received by the super fund, not when it’s received by the commercial clearing house.
Remember to check the processing times required for your clearing house prior to your super guarantee (SG) payment due dates to ensure timely payments. Processing times vary, and some clearing houses may take up to 10 days to process payments.
SG payments were due by 28 April. If you didn't pay an employee's SG amount in full, on time (including delays due to processing times) and to the right fund, you’ll need to lodge a superannuation guarantee charge (SGC) statement and pay the SGC to us by 28 May, or penalties may apply.
Watch our videoExternal Link for more information about the SGC.
Reminder: The SG rate will increase to 11.5% on 1 July 2024.