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Physician
Posts: 1
Registered: ‎02-09-2011
Australia
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Accepted Solution

Superannuation on overtime

I have just noticed at the end of the month that superannuation has not been calculated on the overtime amount i have done.

I checked super is payable on all gross wages, also that overtime is not in the exceptions.

What is going wrong?

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Ultimate Partner
Julie_A_C
Posts: 2,566
Registered: ‎07-09-2010
Australia
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Re: Superannuation on overtime

Overtime does not form part of OTE, that super is based on.

 

http://www.ato.gov.au/businesses/content.aspx?menuid=0&doc=/content/00249857.htm&page=26#P753_44554

 

Julie Carter AIPA, BBus(Acctg),
MYOB Professional Partner, Registered BAS Service Provider
Associate Member of Institute of Public Accountants
ph: 0417 927 654 email: accuratebooks7@gmail.com
Accurate Books Always (Servicing from Leederville to Pinjarra, Fremantle to Armadale WA)
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