Site under re-construction.
New workplace laws come into effect on July 1st 2009. This site will be
updated shortly to reflect the new Fair Work laws.
Super is a form of savings
for retirement. Most employees are entitled to superannuation; an
additional 9% of "ordinary time" wages/salary (8% prior to 1/7/02).
Ordinary time excludes things such as overtime.
Payment must be made at
least quarterly (by the end of July, October, January and April each
year), but in the majority of cases will be monthly.
Super and Leave: Super payments in general continue while the
employee is on any form of paid leave, but are not generally required
for periods of unpaid leave.
No super is payable if the
- under 18 and working
less than 30 hours per week, or
- earns less than $450
The amount will be paid to
a super fund account in the employee's name. Superannuation cannot be
drawn upon until retirement, except in very limited situations of dire
Choice of Super
Fund: from July 2005 you may have to choose which fund you
want your super paid into. Look for a fund that has:
- low contribution and
account keeping fees,
- no entry or exit fees,
- no commissions paid to
- no hidden charges.
Industry Super Funds meet
these criteria, and are run by Trustees whose aim is to maximise the
retirement benefit. (Many non-industry funds are owned by financial
institutions whose chief aim is to maximise returns to their