Employers may either pay payroll tax on superannuation contributions when:
- the liability arises (i.e. remitted on monthly returns regardless of when the actual contribution is paid to the fund); or
- the superannuation contribution is made to the fund.
The Commissioner of State Revenue requires that whichever method is chosen, it must be consistently used from one year to another as the basis for the inclusion of superannuation contributions in returns.
For employer contributions to the Retirement Benefits Fund, a superannuation benefit must be included in monthly returns based on the following calculations:
- In the case of an employee to whom Part 4 of the Public Sector Superannuation Reform Regulations 2017 applies and who is employed by:
a) a prescribed authority that is not specified in column 1 of Schedule 1 to the
State Service Act 2000; or
b) a controlling authority of any industry or undertaking, carried on by or on behalf of the State; or
c) the person, organisation or authority responsible for payment of contributions to the Fund, in respect of a contributor where the services of a prescribed authority are transferred to another person, organisation or another prescribed authority, by multiplying the wages of the employee by the average new entrant contribution rate;
In the case of any other employee to whom Part 4 of the Public Sector Superannuation Reform Regulations applies and who is employed by a government department, statutory authority or other organisation specified in Column 1 of Schedule 1 to the
State Service Act 2000, by multiplying the wages of the employee by 11 per cent or such other rate that may be determined by the Treasurer from time to time.