Critical ATO update: have you been treating annual leave loading correctly for compulsory superannuation purposes?

$75.00

In this webinar, our tax partner Fletch Heinemann works through the provisions and practical examples pertaining to the latest ATO update.

[Running time: 1 hr 08 mins]

Description

The ATO has recently published guidance on when compulsory superannuation has to be paid on annual leave loading. Relying on public guidance, many businesses have self-assessed on the basis that compulsory superannuation does not need to be paid on annual leave loading.

However, as the ATO’s recent guidance makes clear, it depends on the circumstances of the business and the reason for the payment of annual leave loading. We have been helping a number of clients determine whether they have an exposure to superannuation guarantee charge, interest and penalties, and if so, how to deal with it.

In this webinar, our tax partner Fletch Heinemann works through the provisions and practical examples so that you leave knowing:

  • how the superannuation guarantee charge provisions work to ensure employers pay the minimum compulsory superannuation amounts
  • the meaning of ‘ordinary time earnings’
  • when annual leave loading will fall within ‘ordinary time earnings’ – and when it won’t
  • how to deal with any shortfalls for historical quarters
  • what steps to take to protect your position for future quarters.

Who will benefit from this webinar?

This webinar is highly recommended for:

  • employers, including HR professionals and senior executives
  • accountants and other advisers who assist clients in financial matters relating to superannuation.
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