AGEST -
Australian Government Employees Superannuation Trust
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Need help with your Super?Our staff can provide assistance to employers in the following ways:
Interested in superannuation information sessions for your staff? AGEST conducts information sessions on superannuation in the major cities across Australia. For more information about these sessions please see our seminars webpage or contact us on 1300 724 378 or email to {EmployerEmail}. Frequently Asked Questions (FAQs) This section answers some of the routine superannuation legislation and administration questions that are raised on a frequent basis. If you cannot find the answer to a question here or you require further information on any questions and answers, please contact us or call us on 1300 724 378.
However, if your employees work under a specific industrial award or agreement you are required to pay superannuation as specified under that arrangement.
Under the SG legislation, if an employer fails to meet their obligations for a quarter, they may have to pay the Superannuation Guarantee Charge (SGC). The SGC required to be paid by an employer to the Australian Taxation Office (ATO) is the contribution amount due but not paid on time, an additional administration fee and interest. These amounts are not tax deductible to the employer and may still be payable even if the (late) super contributions have since been paid to a super fund for the relevant period. We prefer to receive contributions from employers on either a fortnightly, monthly or quarterly basis. Contributions should continue as long as an employee is receiving or is eligible to receive pay, including when the employee is absent from work for any of the following reasons:
When an employee is not receiving pay (for example, approved leave without pay) superannuation contributions are not required to be paid. For more information on when super contributions are due, or on what salary components super is calculated, please contact the Australian Taxation Office on 13 10 20 or visit their website at www.ato.gov.au. Can my employees make salary sacrifice (before-tax) or voluntary (after-tax) contributions? Yes, we accept salary sacrifice contributions and member voluntary contributions. We also accept rollovers from other complying superannuation funds.
You will also receive a quarterly newsletter that will provide you with an update on current superannuation events, changes in the legislation and any important items that we are working on. This website is also a key source of information as it is updated regularly.
Your employees will also receive two half-yearly statements each year, around January and August. These statements will include updates on investment performance, legislation and our products and services.
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