Detailed Outline
The Australian Taxation Office has set the maximum contribution base for Superannuation Guarantee payments at $30,560 per quarter ($122,240 per annum) from 1 July 2003. The Superannuation Guarantee charge remains at 9%.
As a result, from 1 July 2003 the following calculations apply to determine notional salary for a SES remuneration package. (NOTE: these calculations are for notional salary purposes only and are used for paying out SES entitlements or when non-SES act in SES positions).
- If the Total Remuneration Package (TRP) is greater than $133,241.60 p.a. then the notional salary is the TPR less $11,001.60.
For example, if an SES officer is on a TRP of $200,000.00 then the notional salary for that package is $200,000 - $11,001.60 = $188,998.40. - If the TRP is less than or equal to $133,241.60 p.a. then the notional salary is the TRP divided by 1.09.
For example, if an SES officer is on a TRP of $125,000.00 then the notional salary for that package is $125,000.00 รท1.09 = $114,678.89.
C Gellatly
Director-General
Issued : PSMO
Contact: Robert Horrocks
EMail: [email protected]
Telephone no: 9228 4263 Facsimile: 9228 4056
File no: PSMO/01229
Date: 20 June 2003
This circular replaces Circular No. 2002-32
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Superseded by C2004-14
Overview
Compliance
- Not Mandatory
AR Details
- Date Issued
- Jun 13, 2014
- Review Date
- Jun 13, 2024
- Replaces
-
- Replaced By
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Contacts
- Contact
- Contact us
- Phone
- 02 9228 5555
- Publishing Entity
- Department of Premier and Cabinet
- Issuing Entity
- Department of Premier and Cabinet