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Employers be aware that effective 1 July 2013 the super guarantee percentage will increase to 9.25%, and gradually increase each subsequent year until it reaches 12% in July 2019 (see table below).
Employers will need to review their employment contracts to determine if the employee’s salary is defined as a “total package”, as there is no obligation for the employer to increase the total amount it pays to employees.
If you require further information in regards to this matter please do not hesitate to contact our office.
