Advice is not required when complying with superannuation arrangements
Employers may be required to adjust an executive’s superannuation benefits to comply with the Superannuation Guarantee (Administration) Act 1992 (Cth). The Tribunal considers that its advice is not required where an employer is complying with statutory provisions regarding superannuation benefits.
This includes cases where that adjustment to an executive’s superannuation benefits results in:
- an executive, for the first time, being paid above the maximum of the relevant remuneration band
- an executive, who is currently paid above the maximum of the relevant remuneration band, being paid further above the band.
Updated