wargod

Evening all (or good morning to others....)

Can anyone tell me what 'benefits' (if any) are mandatory as an employee in Aus i.e pensions etc

Trevglas

Superannuation is a given for all employees (employer contributes I believe 9%)

You may also want to check out the various state awards, which specify minimum terms and conditions. For NSW see http://www.industrialrelations.nsw.g...rds/index.html

You should also check out salary sacrificing. These are arrangements made with your employer to nominate some of your pay to go for instance on a car lease arrangement, or to buy a laptop. The payment comes from your pre-tax pay, but you need to get good advice, as you may then be liable for fringe benefits tax (OK the employer is responsible for paying FBT, but can ask you to contribute to it).

Any effective salary sacrifice arrangement needs to be based on future earnings, so get something agreed before you begin work (you can also nominate for any pay rises to be given in a salary sacrifice arrangement)

See http://www.ato.gov.au/nonprofit/cont...tent/24632.htm

wargod

Cheers for that

Toppa

All and any information on this topic will be dependent on the HIgh Court outcome of the challenge to the Industrial Relations Law Reforms. So don't hold your breath, but yes the current 9% contibution from employers/employees still stands at present.

Bix

I don't get 9%.

wargod

Ta muchly

YoSemite

I'd be getting that looked at bix,

OH has just covered this in her course and her book says employers are legally required to pay a minimum of 9% of your gross wage into a super for you.

yup get that looked at just incase they're shafting you! (metaphorically speaking of course! )

Bix

Not too up with this sort of thing but I thought the Reforms were already operational so the information is presumably already in the public domain.

Assuming one knows where to look for it of course; which I don't.

YoSemite

yeah the reforms were given royal assent so are law.... however each state is challenging them in the high court on the basis that they're unconstitutional. so they could (if you believe in miracles) still be repealed/replaced

Bix

Sorry Yose, I was jesting and didn't finish off

Point I was making is that it is not 9%. It is a minimumof 9%. As you rightly point out

Bix

Ah, but I may win the lottery tomorrow.
Today I know I won't so the picture is a clear one.

We can speculate about what might happen but it equally may not.

Toppa was giving the impression "Don't worry about today cos it's all going to change tomorrow" and that is far from reality.

We don't know if it will change or not so it's best to go with what is fact and not fantasy.

YoSemite

and the facts are scary biscuits!!!

was in at a Law faculty meeting last week and they've got notices up for supp(...lementary) sessions on the new IR laws because of all the changes and implications.

IR law are certainly going to screw a lot of people over!