SGC

To calculate the superannuation guarantee levy, you must establish:

A superannuation accumulator that has selected the transaction types for which superannuation will be calculated.
An employer cost transaction type that:
- Has the superannuation rate set.
- Is using the above accumulator.
- Is included in Super Compliance and Super Reconciliation reports.

There are two superannuation reports, which reconciles the superannuation contributions (Super Reconciliation Report) and which makes the payment to the authority.

The reconciliation report provides:

Gross wages that are liable for super.
The superannuation accrued throughout the specified period for the employee (using the payment date).
The actual super liability for the employee.
Any differences between accrual and liability.

Generate the report before the contributions are paid. If there are any differences when the report runs they can be adjusted in the manual pay entry window.

SGC is system wide and applies across all companies unless a Custom SGC Threshold is established. The Thresholds are those on the Module Control | Super tab. Custom Thresholds make it possible to set different thresholds for different companies, and within that, different thresholds for different employees within that company.

This hierarchy is used to establish which Threshold to use to determine whether Lower, Upper and Under 18 Hours values paid on behalf of an employee by the employer must be adjusted:

Employee
HR Module Control

Greentree does this:

1. If Employee = SGC Custom Threshold; it uses the Custom Thresholds. If <<no custom threshold>>, then use:

2. HR Module Control > Payroll | Super - SGC Custom Threshold if exists, otherwise, if <<no custom threshold>>, then use:

3. HR Module Control > Payroll | Super - SGC Threshold for the Effective Date listed Standard ATO requirements)

On the Employee Maintenance form, select the SGC Min/Max Check option to check if the employee earnings for period fall within the minimum / maximum amounts for the SGC thresholds. If the amounts are outside the threshold an automatic adjustment will be made and reported on the Automatic Payment Info form.

When the superannuation is to be remunerated to the authority the Authority Remittance report will list each of the employees for each authority along with the liability for the specified period. It is a good idea to create an Authority Group for the SGC authorities and then assign the group to each of the super funds that SGC is paid into. When printing the Remittances you can select the group and it prints all the superannuation authorities in one print run.