According to Australian legislation employers are obliged to make a super contribution to a complying super fund on behalf of the employers.
Employers are obliged to make at least 4 super guarantee payments to the employee super fund each year.
These contributions are currently at 9 percent phased to be gradually increased to 12 percent. It started in 1988 when Paul Keating decided to give 3 percent national wage raise in the form of superannuation contribution paid by employers. Currently, the minimum percentage employer needs to contribute has raised to 9.5% and is expected to grow further in future.
The following is the table showing superannuation increase through the years.
Year | Percentage |
1992-93 | 3 / 4 |
1993-94 | 3 / 5 |
1994-95 | 4 / 5 |
1995-96 | 5 / 6 |
1996-97 | 6 |
1997-98 | 6 |
1998-99 | 7 |
1999-2000 | 7 |
2000-01 | 8 |
2001-02 | 8 |
2002-13 | 9 |
2013-14 | 9.25 |
2014-21 | 9.5 |
2021-22 | 10 |
2022-23 | 10.5 |
2023-24 | 11 |
2024-25 | 11.5 |
2025-26 and subsequent years | 12 |
The following people are not eligible for an employer super guarantee contribution
- Employees whose are is less than 18 years
- Employees who work less than 30 hours or fewer per week
- Employees who earn less than $450 per month
- Members of the Army, Navy or Air Force Reserve
- Employees who earn less than $450 per month.
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