PRESS RELEASE
23 May 2019

Webinar – Critical ATO update: have you been treating annual leave loading correctly for compulsory superannuation purposes?

CG
Cooper Grace Ward

Contributor

Established in 1980, Cooper Grace Ward is a leading independent law firm in Brisbane with over 20 partners and 200 team members. They offer a wide range of commercial legal services with a focus on corporate, commercial, property, litigation, insurance, tax, and family law. Their specialized team works across various industries, providing exceptional client service and fostering a strong team culture.
The ATO has recently published guidance on when compulsory superannuation has to be paid on annual leave loading.
Australia

Event details

When Location Contact Cost
June 20, 2019
AEST
Log on: 12.15pm
Start: 12.30pm
Finish: 1.30pm
Online T - +61 7 3231 2400
events@cgw.com.au
$75.00 Incl. GST

The ATO has recently published guidance on when compulsory superannuation has to be paid on annual leave loading. Relying on public guidance, many businesses have self-assessed on the basis that compulsory superannuation does not need to be paid on annual leave loading.

However, as the ATO's recent guidance makes clear, it depends on the circumstances of the business and the reason for the payment of annual leave loading. We have been helping a number of clients determine whether they have an exposure to superannuation guarantee charge, interest and penalties, and if so, how to deal with it.

In this seminar, our tax partner Fletch Heinemann will work through the provisions and practical examples so that you will leave knowing:

  • how the superannuation guarantee charge provisions work to ensure employers pay the minimum compulsory superannuation amounts
  • the meaning of 'ordinary time earnings'
  • when annual leave loading will fall within 'ordinary time earnings' – and when it won't
  • how to deal with any shortfalls for historical quarters
  • what steps to take to protect your position for future quarters.

The webinar will be recorded, so if you are unable to attend at the advertised time we will send you the live recording for future viewing.

We look forward to seeing you there.

Contributor

Established in 1980, Cooper Grace Ward is a leading independent law firm in Brisbane with over 20 partners and 200 team members. They offer a wide range of commercial legal services with a focus on corporate, commercial, property, litigation, insurance, tax, and family law. Their specialized team works across various industries, providing exceptional client service and fostering a strong team culture.

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