You need to set up the AUS Superannuation rule to apply the legislated percentage for super guarantees. For example, the following are Superannuation rules which you can configure in the employee's payroll policy in Payroll Setup > Payroll Policies.
Before You Begin: See Overview of Superannuation.
- Superannuation July 2022. Updates the default rate to 10.5% as of 1 July 2022
- Superannuation Jul 2021. Updates the default rate to 10% as of 1 July 2021
- Superannuation Jan 2018 - June 2021. The default rate of 9.5% applies to dates up to 30 June 2021
These rules generate the Superannuation Employer memo deduction for employees who have this payroll policy. Depending on the Superannuation rule date you select, It applies the default rate of 10% or 9.5% of an employee's wages. This includes wages for earnings that have the Superannuation checkbox selected in the Earnings tab of Payroll Setup > Earnings and Deductions, in the Tax and Compliance > Australia tab.
Payroll policy rules must be applied in a specific order. You must make sure that you configure a payroll policy that includes superannuation to ensure that the Apply AUS Superannuation Rule is applied in the following order:
- After the Auto Pay Rule or the Apply Earnings Rule
- Before the Apply AUS Taxes Rule and Apply Deductions Rule
The following is an example of rule ordering in an Australian payroll policy in Payroll Setup > Payroll Policies:
Superannuation Rule Parameters
The Superannuation Rule has the following parameters:
| Field | Description |
|---|---|
| Eligible tax type | The tax types to which the rule applies. The application applies any deduction with the specified type unless it is specifically excluded by the Ineligible deduction parameter. Leave blank and the rule does not consider tax types when determining which deductions to apply. |
|
Ineligible tax type |
The deduction tax types which are excluded. The application does not apply deductions with the specified type unless specifically included by the Eligible deduction parameter. Leave blank and the rule does not consider deduction types when excluding deductions. |
| Eligible earning | The earnings to which the rule applies. |
| Ineligible earning |
The earnings that are excluded and not applied by the rule. Leave blank and the rule does not explicitly exclude any earnings. |
| Eligible deduction | The deductions for which the rule applies. |
| Ineligible deduction |
Select the deductions that are excluded and not applied by the rule. Leave blank and the rule does not explicitly exclude any deductions. If your organization has employees who choose a non-default superannuation scheme for the employer contribution, select the system deduction Super Annuation Exemption. This is required to suppress application from generating the system Superannuation Employer memo deduction for employees who have a non-default employer contribution in place. See Apply AUS Superannuation Rule. |