EmployersFIRST

The way many of you pay and manage your employees’ super is about to change.  A number of our employers currently utilise what is referred to as Gen 1, an older version of our clearing house service.  This version is to be replaced by Gen 2, which is more intuitive, modern and gives you more features […]

Following recent changes to legislation, from 1 January 2021 workers cannot be forced into an employer’s chosen super fund under new enterprise bargaining agreements (EBAs) and workplace determinations. All employees must be provided with a Standard Choice form and allowed to choose their own super fund.  Below, we have answered some common questions about the changes.  What is the new legislation?   The Federal Government […]

One week after extending coronavirus restrictions across the state, the Victorian Government has announced a new support package for businesses, which includes cash grants, tax relief and cashflow support.   The $3 billion Business Survival and Adaptation Package is designed to help businesses survive the continued lockdown and prepare for reopening under ‘COVID-normal’ conditions when restrictions ease.  So, what’s included?   SURVIVAL MEASURES  third round of the Business Support Fund, providing up to $20,000 for small and […]

The Super Guarantee (SG) Amnesty is a one-off opportunity for employers to catch up on past unpaid super amounts without risk of fines. But if you plan to apply, you need to do so now as the six-month amnesty window is closing soon.  Time is running out  The SG amnesty ends on 11.59pm on 7 September 2020.   If you’re concerned about your ability to make payments due to the financial impacts of coronavirus, the […]

Your employees may not be aware, but they likely received a ‘default’ level of insurance cover for death and total and permanent disablement (TPD) when they joined their super fund. This provision was introduced as part of the Federal Government’s “Stronger Super” reforms in October 2012. Seven years later on, Protecting Your Super Package (PYSP) legislation introduced on 1 July 2019 mean that super members whose accounts have not received […]