As an employer you have an obligation to pay superannuation contributions on behalf of all your eligible employees.
These contributions are in addition to your employees’ salaries and wages. This compulsory contribution is called the superannuation guarantee (SG) and it requires you to:
- pay superannuation for your eligible employees
- contribute to the correct superannuation fund
- pay contributions by the required cut off date each quarter.
(You may have other contribution obligations as well, for example, under an award)