Reporting requirements to change for payslips

From 1 July 2012, if the relevant bill proposing changes to superannuation legislation is passed by parliament, employers will be required to state on each employee’s payslip the expected date that superannuation contributions will be paid into the employee’s superfund. Payroll software will need an additional date field for payslip reporting.

This will be in addition to the current requirement to disclose the amount of superannuation which has accrued or has been paid during the pay period.

Currently, employees whose payslips only disclose the amount of accrued superannuation are unable to tell from their payslip whether the contributions have been paid or when they are likely to be paid. This is because the actual contributions do not need to be made until 28 days after the end of the relevant quarter.

From 1 July 2013 there will be requirements to record on payslips actual (rather than accrued) contributions.

The Accommodation Association’s Rostering & Payroll solution will be updated to comply with the new payslip reporting requirements by the commencement date.

For more information about the Association’s web based fully integrated payroll and rostering solution, contact the Workplace Relations team on 1300 304 397 or click here.

Source: Accommodation Association of Australia, 1 June 2012