Recent clarification on the Superannuation Guarantee Ruling SGR 2009/2 by the ATO, confirms that superannuation is payable on annual leave loading unless it can be demonstrated that the leave loading is paid due to an employee’s lost opportunity to work overtime.

The ATO has since published some examples on its website detailing when an Employer can demonstrate that the leave loading is paid due to an employee’s lost opportunity to work overtime, thus eliminating the requirement to pay superannuation on annual leave loading.

Employers with any questions regarding their superannuation obligations (or any other related questions) should contact the Employer Assistance team on 1300 731 988

And if you are finding it difficult to stay on top of your payroll obligations, please be sure to contact us to see how we can help!

Business Wise

The team at Business Wise don't just do bookkeeping and accounting - we believe that successful businesses are those that are informed, proactive and open to change, and we want to help you on your journey to success.