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Federal Budget 2022 - Overview
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Federal Budget 2022 and YOU - Part 1
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Federal Budget 2022 and YOU - Part 2
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Article archive
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Quarter 4 October - December 2015
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Quarter 4 October - December 2014
Quarter 3 of, 2021 archive
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Lockdowns and mental health
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Unemployment rate falls to 12-year low
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ATO issues warning to first-time investors
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World's largest armies 1816 - 2020
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Extra 'super' step when hiring new employees
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Pitfalls and proposed changes in the use of R&D tax incentives
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Government expands SME loan scheme eligibility
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COVID-19 disaster payments to be tax-free: Prime Minister Scott Morrison
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‘Nowhere to hide’: New gig economy reporting regime set to debut
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Hardship priority processing of tax returns
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ATO Small Business Newsroom - July / August
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Videos and other resources for our clients
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‘Mammoth consequences’: ATO’s NALI ruling draws ire from accountants
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Superannuation Guarantee Rates Reminder
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NSW support measures, plus update for payroll tax.
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Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds
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Year-end tax planning
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Home Office & end of 2021 tax year
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ATO extends STP finalisation due date
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Super transfer balance cap increase from 1 July 2021
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ATO extends Division 7A COVID-19 relief
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Tax implications - more than one job
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Tax mix to rely more heavily on income tax as the Treasurer ducks austerity
Extra 'super' step when hiring new employees

 

Most new employees are eligible to choose the super fund you pay their super guarantee contributions to.

 

 

Currently, when a new employee doesn’t choose their own super fund, you must pay super contributions into your default fund.

From 1 November, if you have new employees start, you may have an extra step to comply with the choice of fund rules. If a new employee doesn’t choose a super fund, you may need to request their 'stapled super fund' details from us.

A stapled super fund is an existing super account which is linked, or 'stapled', to an individual employee so that it follows them as they change jobs.

The change aims to reduce account fees by stopping new super accounts being opened each time they start a new job.

From 1 November, you will be able to request stapled super fund details for new employees using Online services for business.

What you can do now

To make sure you're ready when the time comes, check and update the access levels of your authorised representatives using Online services on behalf of your business. This will also protect the personal information of your employees.

 

Read more.

 

ATO

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