Superannuation Guarantee Contributions – Ordinary Time Earnings

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17 / Dec / 2009

An employer is required to contribute 9% of an employee’s “ordinary time earnings” (OTC) in order to meet its Superannuation Guarantee (SG) obligations.  The Australian Taxation Office has recently issued SGR 2009/2 which sets out the ATO’s view on what constitutes OTE.  The ATO intends that employers applying this ruling from 1 July 2009.

Superannuation Guarantee Contributions