Description
Enhancements have been made to default the Reportable Employer Superannuation Contribution (RESC) option based on whether a deduction is configured to deduct from gross or net earnings. Because as of 1 July 2020 it is no longer legal for employers to reduce their superannuation guarantee liability if payees salary sacrifice gross earnings into superannuation, all salary sacrifice superannuation contributions are effectively over and above the contribution amounts that are mandated under the superannuation guarantee (SG) scheme or a minimum employer contribution amount that is specified by an industry award and are therefore considered Reportable Employer Superannuation Contributions (RESC).
Benefits
This enhancement ensures that salary sacrifice deductions cannot be misclassified as non-reportable by