AMP Super Funds ABN change
Can you please advise when MYOB will be updating the ABN for all applicable AMP super products so that super can be paid through auto super before June 23.
Fund new name - AMP's Super Directions Fund ABN # 78 421 957 449 Replaces: AMP SIGNATURESUPER ABN # 76 514 770 399
Hi mking72,
Thank you for your post.
In the scenario you've described, if the staff member works fewer hours than their usual full-time schedule due to activating their income protection insurance policy, you have a couple of options. You can either record the hours not worked as unpaid hours or designate them as leave without pay. The choice between these two options may depend on your company's policies and the specific terms outlined in the employment contract. It is advisable to consult with your accountant or the ATO if you'll need to record the unworked hours or enter the pay as normal by just entering the worked hours.
Feel free to let me know if you have further questions.
Cheers,
Princess