Govt moves to repeal super payslip disclosure rulesBY JAMES FERNYHOUGH | THURSDAY, 16 OCT 2014 12:20PMThe government is moving to repeal a law requiring employers to disclose on employee payslips the amount of superannuation contributed and the date at which the contribution will be made. Related News |
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What a rort for employers.
I salary sacrificed into super on top of my regular employer mandated super contributions for 10 years and my only check that the payments were made was by checking my super company online at monthly intervals. I would often catch slow payments and be told of various computer glitches that had occurred. I retired from the company and 18 months later it went into receivership with all the employees super contributions in arrears.
The super contributions are seen as foregone wage increases and this law is a free get out of jail card to make one payment a year to super if and only If the company is still solvent. So in effect the employee is subsidizing the business cash flow with his lost wage increases as well as the lost income from the money being invested in the super fund.
Not on! Remember there is no 'We' in Liberals, only an 'I'.