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    Hey folks, just to keep you up to pace with some changes to Superannuation Guarantee (SG - 9%).

    With effect from 1st July 2008 the statutory 9% Employer Superannuation Guarantee payment should now be calculated on the employee’s ordinary time earnings (OTE).

    This will include

    Ø Commissions

    Ø Allowances

    Ø Over-award payments

    Ø Performance Bonuses

    Ø Paid leave (sick, annual, long service)

    Ø Director’s fees.

    Many Employer’s are using this way already, however if not they need to make the necessary changes, check with your’s.

    Cheers

    Andy

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