Local governments will need to ensure their payroll and accounting systems are updated to incorporate the increased super rate, the Australian Tax Office has said.
The superannuation guarantee rate will increase from 9.5 percent to 10 percent on 1 July 2021, and will progressively increase to 12 percent by July 2025.
For salary and wage payments made on or after 1 July 2021, the minimum superannuation guarantee contribution rate of 10 percent will need to be applied.
The ATO website has tools and resources to help local governments work out:
For the list of super rates and the scheduled increases, visit the ATO website.