There are two Australian Superannuation Rules in the employee's payroll policy, which are configured in Payroll Setup > Payroll Policies:
- 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 date, the Superannuation rule applies the default rate of 10% or 9.5% of an employee's wages. This calculation 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 sub-tabs.
The Superannuation contribution amount to Choice Fund = Employee Nominated APRA Fund is calculated as part of this rule. That is, the superannuation contribution amount becomes available only after the Applied AUS Superannuation Rule has been completed in the calculation.
The Superannuation contribution amount to Choice Fund = Employer Nominated Default Fund and Superannuation Employer unassigned Fund is calculated as part of the Apply AUS Taxes Rule instead. That is, the superannuation contribution amount becomes available only after the Apply AUS Taxes Rule has been completed in the calculation.
If your organization has employees who elect a nondefault superannuation scheme for the employer contribution, select the system deduction Superannuation Exemption. This selection is required to suppress Dayforce from generating the system Superannuation Employer memo deduction for employees who have a nondefault employer contribution in place.
Important: If you selected the Enable Payroll Election Code Filter on Employee Country checkbox in System Admin > Client Properties, then you need to create a custom copy of the superannuation exemption tax and compliance to suppress the default superannuation calculation.