Removing the $450.00 per month threshold for super guarantee eligibility

‘As part of the 2021-22 Federal Budget, the Australian Government is removing the $450.00 per month threshold. In a nutshell this is to expand coverage of the super guarantee to eligible employees, regardless of their On 1st July 2022, as part of the 2021–22 federal Budget, the Australian Government announced it will remove the $450 per month threshold to expand coverage of super guarantee to eligible employees regardless of their monthly pay.

This measure is not yet law.

From 1 July 2022, eligible employees who earn less than $450 per month will be paid super guarantee by their employer if they satisfy the other eligibility requirements.’
This information above can be found on the Government Website$450-per-month-threshold-for-superannuation-guarantee-eligibility/

If you have any questions, please do not hesitate to contact me about super guarantee.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
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