Summary

Super Settings are date-effective records that contain legislative values used in superannuation calculations. We recommend creating a new record for each financial year, even if the values have not changed. When you save the new record, PayGlobal will automatically add an End date to the previous record.

The Super rates and thresholds can be found on the ATO website. See: https://www.ato.gov.au/rates/key-superannuation-rates-and-thresholds/

Note: This tab page appears in Australian databases only.

Fields

Start date:

Start date of the superannuation year for this record. This date cannot be later than the End date.

End date:

We recommend leaving this field blank until you create a new record for updated ATO values. This date cannot be earlier than the Start date.

Min monthly earnings ($):

Lower limit of employee salary or wages earnings that require employer superannuation contributions. If an employee earns less than this amount, then their employer does not have to provide superannuation contributions. However, employers can make superannuation contributions on earnings below this minimum based on an award or agreement.

From 1 July 2022, employers are now required to make SG contributions regardless of how much an employee earns. The Min monthly earnings ($) field must be set to '0.00' to achieve this.

Max earnings base ($):

Upper limit of employee earnings that require employer superannuation contributions. If an employee earns more than this amount, then their employer does not have to provide superannuation contributions for the earnings above this maximum. However, employers can make superannuation contributions on earnings above this maximum based on an award or agreement.

SG minimum percentage:

Minimum Percentage of an employee's ordinary time earnings that is required to be paid by the employer as Superannuation Guarantee contributions.

The SG minimum percentage value entered is not used by PayGlobal to override the contribution rules set up on the Employee's Superannuation Fund details. It is currently only used for determining the amount to be reported in the field Employer Super Guarantee Amount on the PGPRSUPA313 - QuickSuper Contributions Export Report and the PGPRSUPA314 - SuperStream Alternative Format Report

For SG rates see ATO - SG %

Minimum weekly hours worked:

Note: The following fields/functionality will only apply to those employees who are on a Weekly pay period.

This field sets the minimum amount of hours an Under 18 year old employee must work in a week to be considered for Employer Super contributions. This field should be set to 30 hours, as per Australian law. Until otherwise advised, this field should not need to be changed from 30 hours.

Allowance group for weekly hours worked:

Use this field to select an Allowance group to determine which allowances should be used to contribute to the number of hours worked in a week for Under 18's. 

The Allowance Group must be of type 'Quantity' (On the Details tab of the Allowance Group).

The allowances contained in this allowance group which are present in the pay (for an under 18 year old employee) will have their transaction quantities summed and this sum will represent the hours worked in the pay. This total will be used in conjunction with the value specified in the ‘Minimum weekly hours worked’ field, to determine which pays generate super transactions.

Important: Leave this field empty if you do not wish to use the Under 18 functionality. Employees under 18 will then continue to be treated as if they were adults with the respect to the payment of super if they earn more than $450 per month. i.e. once they cross the $450 per month threshold, super will generate on OTE for all weeks in the month irrespective of whether the employee has worked under 30 hours in each week.

Validation

When you save a Super Settings record, PayGlobal checks the following:

• Dates do not overlap the dates on another Superannuation Settings record.
• Dates in the Super Settings records are contiguous.
• Only one Super Settings record is current at any time.

Pay Processing

If you are using the PayGlobal superannuation framework, then pay processing requires a current Super Settings record to calculate the contribution thresholds. If the database contains Superannuation QTDs, but it does not contain a current Super Settings record, and the pay contains superannuation transactions, then pay processing will fail.

Pay processing procedures for Australian superannuation calculations will generate a RESC value only if the pay's accumulators include a Superannuation PTD and a Superannuation QTD code.

PayGlobal bases minimum/maximum threshold checks on the Superannuation PTD associated with that pay. If an employee's superannuation details change, then you need to:

1. Create an new Employee Super Fund record that starts in the first Period PTD associated with the next Superannuation PTD.
2. End date the old Employee Super Fund record.

   Important: You must not change an employee's superannuation fund or their contribution and influence details part-way through a Superannuation PTD.

Scenario: Employee changes to an award with a lower Min monthly earnings ($) amount in the third week of a Superannuation PTD.

The employee did not cross the minimum threshold until Week 3 and PayGlobal calculated their superannuation contribution as: 200 * 9.5% = $19.00 However, their contribution should have been 600 * 9.5% = $57.00 so you would need to enter an adjustment of $38.