SGC Parameters¶
The SGC Parameters control the employer’s liability to make superannuation contributions on the employee’s behalf according to government regulations.
The correct parameters should be set up at the start of each new financial year.
| Fiscal Year: | This identifies the current fiscal year. |
|---|---|
| Percentage: | Set the percentage that will apply for this Fiscal Year |
| Monthly Liability Threshold: | |
This allows you to set the monthly earnings threshold below which the employer is not liable to make a Superannuation Contribution for an employee. |
|
| Monthly Option Threshold: | |
Not in use at present. |
|
| Check On Year End: | |
You are recommended to set this to Automatic. You will then be asked to check the parameters and edit them as necessary as part of the Year end Process. This should help to ensure that any changes required are not forgotten. If this is set to Manual you will have to remember to make any changes yourself. |
|