January Newsletter Happy New Year to you and your families and all the best for 2014! STAFF CHANGES XERO PRICING A New Super Standard From 1st July 2014 (2015), all employers with 20 employees or more (less), will be required to use the Data and Payment Standard to pay their compulsory Superannuation Guarantee Contribution. The "Standard" is the act of engaging a third party centralised payment point which the employer sends all employee and SGC information electronically to and in turn is distributed to each employee's superannuation fund. The employer will not be required to make individual payments to each superannuation fund, they will make one lump sum payment to the centralised third party who will distribute the funds on behalf of the employer. For example one such centralised third party is the Medicare Superannuation Clearing House has been operating the "Standard" practice for over 2 years. This will save most employers time in making payments to various super funds. For more information on the "Standard" requirements, please click here or contact our office. For any other enquiries, please find our contact details below. Contact Us.... Kind Regards The Team |
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