FastTrack360 Version 12 Online Help

How to Add a Set of Superannuation Guarantee Eligibility Rules

To add a new set of super guarantee eligibility rules, follow the procedure below.

1.

Go to Payroll > Maintenance > Superannuation > Eligibility Rules.

The Edit Super Guarantee Eligibility Rules screen opens.

 

2.

In the dropdown field near the top of the screen, select the last eligibility rule set validity period that exists. That is, select the validity period with the latest start and end dates.

The Start Date and End Date fields display the start and end date of the last existing eligibility rule set.

 

3.

If the rule set you have selected does not have an end date, click the calendar button next to the End Date field and select the date on which the rule set is to expire.

Note that if a date is displayed in the Last Pay Batch Date field, the end date you select must be later than the date of the last pay batch.

Skip this step if an end date is already defined on the last rule set and proceed to step 5.

4.

Click Save.

The validity period of the last existing rule set is closed off and your changes are saved.

5.

Click Add.

A new rule set is added and the start date defaults to the day after the end date of the previous rule set.

6.

Next to the End Date field, click the calendar button and use the calendar control to select the date on which the initial set of eligibility rules expire. Alternatively, skip this step if the set of eligibility rules are to remain effective indefinitely.

7.

In the Minimum Monthly Earnings Threshold field, key in the minimum amount a payee has to earn in a month to be eligible to accrue employer super contributions.

 

8.

In the Maximum Quarterly Earnings Threshold field, key in the maximum quarterly earnings amount on which employer super contributions will be calculated and accrued.

 

9.

Click Save.

The set of eligibility rules is saved.


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