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Superannuation Guarantee Rate Changes from 1 July 2013

Scheduled Rate Changes (amended)

When you make super guarantee payments on behalf of your employees, you will need to ensure you use the correct rate. The original rate schedule was to increase to 12% over 7 years, this has now been amended as per the table below.

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Making the rate change in MYOB®

Open your MYOB® company file.

From the Lists menu item select Payroll Categories and then Superannuation. Click the white arrow to the left of the item called Superannuation Guarantee. This will display a screen similar to that shown below:

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Change the 9% to the new rate (for example 9.5%) in the Calculation Basis section and click OK to close this screen.

Making the rate change in QuickBooks

Open your QuickBooks Company data file.

From the Lists menu item select Payroll Item List. From the Payroll Item List screen, double click on the Super item.

This will bring up the Edit Payroll Item screen for Super. Click the next button until the 'Default rate and limit' screen appears. This screen will look similar to that shown below:

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Change the 9% to the new rate (for example 9.5%) in the top box, then press the Next button through the remaining screens and finally the Finish button.




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