Your reminders for the quarter

Here are this quarter’s super guarantee reminders and a summary of recent communications to members.

Quarterly super guarantee payment due 28 October

Just a reminder that the due date for this quarter's (1 July – 30 September) super guarantee (SG) payment is 28 October 2017. To make this deadline, contributions need to be submitted to the clearing house by 11 October.

Keep in mind

  • Payment timing. Some awards and contracts require super to be paid more regularly (for example, monthly) than the SG quarterly requirement. 
  • Personal contributions. Make sure you pay these contributions on time, according to the employee's terms of employment and any industrial award conditions. 
  • Public holidays. If the SG due date occurs on the weekend or a public holiday, payments can be made on the next working day.

What to do if your payment is late

If you miss the due date you may have to pay the SG charge and lodge an SG charge statement with the Australian Taxation Office (ATO). The ATO has a tool which helps you work out your SG liability and prepare the SG statement that you need to lodge with the ATO. To access the tool and download a copy of your SG statement, visit ato.gov.au/employersuper

Communications to members

  • Annual statements. Members’ annual statements for the financial year ended 30 June 2017 are being emailed and mailed throughout August – September. [link to separate article] Members will also be able to view their statements online. 
  • Prepare Magazine. A link to the latest online issue will be sent throughout September, packed with great financial and lifestyle articles for getting ahead in life. 
  • Benefits Now. The most recent regular email to subscribers was sent on 22 August with details of the latest offers and discounts.

BT SuperCheck. We recently wrote to members about getting their super sorted, super fast with BT SuperCheck via BT Online

Things you should know: 
This document provides an overview or summary only and it shouldn’t be considered a comprehensive statement on any matter or relied upon as such. It contains material derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, no company in the Westpac Group accepts any responsibility for the accuracy or completeness of, or endorses any such material. Except where contrary to law, we intend by this notice to exclude liability for this material. Any tax considerations discussed are general statements, based on an interpretation of the current tax law, and do not constitute tax advice. 

Information current as at 18 September 2017.