Are you on track with your business super obligations?

Complete your Business Super Profile to help you work out if you are meeting your business super obligations and doing the right thing for your people.


It’ll take about 5 minutes

Answer a few simple questions about your business super obligations.


Learn the rules

If you want to know more, you can read a snapshot of the rules.


Get your profile

See how you’re tracking and understand your next steps.

Terms and conditions

The Business Super Profile tool (‘Tool’) is made available by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 (‘BTFM’). By clicking on this button, you agree to the following terms and conditions:

  • the Tool is exclusively for the use of employers and must not be shared with or made available to any retail clients;
  • the purpose of the Tool is to provide you with a summary of information that can be used to help you identify where you might need some help in relation to your business superannuation obligations. The Tool will generate a “Your Business Super Profile” (‘Profile’). The Profile is generated by BTFM using only your answers to the questions in the Tool;
  • the Tool and Profile are provided for general information and guidance purposes only, and accordingly should not be considered a comprehensive statement on any matter or relied upon as such. The Tool nor the Profile should be relied on for the purposes of making any financial recommendations or an investment decision, and should not be treated as a substitute for financial advice;
  • all information collected will be used solely for the purpose of using this Tool, producing a Profile, emailing you a copy of your Profile (if requested) and employer research and collected in accordance with the BT Privacy Policy, as relevant;
  • the information generated by the Tool and the Profile must not be copied, used, reproduced or otherwise distributed or circulated to any person without the prior written consent of BTFM; and
  • BTFM does not give any representation or warranty as to the accuracy, reliability or completeness of information which is contained in, or results provided by, this Tool or the Profile, and except to the extent any liability cannot be excluded under law, none of BTFM or any of its related bodies corporate, or any of their directors, employees, contractors or agents, accept any liability for any error or omission in the Tool or Profile or for any loss or damage suffered or incurred, directly or indirectly, by the user or any other person as a result of or in connection with the Tool or Profile.

Step 1 – Your business super obligations


Generally, you need to pay super contributions for all employees who earn $450 or more in a month (before tax). Learn the rules

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Learn the rules

Who do you need to pay super for?

All employees who earn $450 or more in a month (before tax), including those who are:

  • working full-time, part-time or casual
  • receiving a super pension or annuity
  • aged under 18 and working 30 or more hours a week
  • a temporary resident (eg a backpacker or someone on a working holiday)
  • a family member
  • a company director
  • contractors (in some circumstances).

Here’s a tip: You may also need to pay super contributions for some contractors, even if they quote an Australian Business Number (ABN).

Who doesn’t need to be paid super?

You don’t need to pay super for:

  • employees aged under 18 working less than 30 hours a week
  • non-residents you pay for work they do overseas
  • some foreign executives, depending on their visa or entry permit
  • employees who are temporarily working in Australia and are covered by a bilateral super agreement. Make sure you keep a copy of each employee’s certificate of coverage
  • employees who have an exemption certificate from the ATO which means you don’t have to pay their ‘Super Guarantee’ contributions (you will still need to pay any super contributions required under an award or enterprise agreement).
Check with the ATO

Step 1 – Your business super obligations


Generally you should pay a minimum of 9.5% of the amount your employees earn for their normal hours of work. In some cases, this amount could be higher. Learn the rules

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Learn the rules

What is included in normal hours of work?

The amount your employees’ earn for their normal hours of work is called their ‘ordinary time earnings’ (or OTE) and includes things like:

  • payments over and above the award rate
  • commissions
  • shift loadings
  • annual leave loading
  • allowances
  • bonuses.

But not:

  • overtime.
What is the current minimum rate?

You are generally required to pay super at 9.5%. This rate is set by the government and called the 'Super Guarantee'.

This rate is legislated to increase incrementally from 1 July 2021 to 10%, reaching 12% by 1 July 2025 (it is possible these dates may change).

When would you pay more than the minimum?
  • If an employee’s award or employment agreement specifies a higher rate
  • If you choose to pay a higher rate of super as an employee benefit
  • When your employees choose to salary sacrifice to increase their super balance.
Is there a maximum?

Yes. You don’t have to pay the 9.5% Super Guarantee on your employees’ earnings above a set limit which is indexed so it increases each year. This is called the ‘maximum contribution base’.

Financial yearIncome per quarter
2018-19$54,030
2019-20$55,270
For other yearsCheck with the ATO

Here’s a tip: This maximum only applies to Super Guarantee contributions. You’ll still need to pay any contributions required under an award.

How do you calculate it?

Here’s how you can work out the amount of super to pay:

Ordinary time earnings for the quarter ($) x super rate (%) = super payment

Check with the ATO

Step 1 – Your business super obligations


Super contributions should generally be paid at least quarterly. Your employees’ super funds must receive your contributions payments by the quarterly cut-off dates. Learn the rules

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Learn the rules

What are the quarterly deadlines?

Generally, your employees’ super funds must receive the contributions by the quarterly cut-off dates, or you may face penalties.

Quarter Cut-off date
1 July - 30 September 28 October
1 October - 31 December 28 January
1 January - 31 March 28 April
1 April - 30 June 28 July

Here’s a tip: When a due date falls on a weekend or public holiday you can make the payment on the next working day.

Do you need to pay more regularly?

Some super funds, awards and contracts require you to pay super more frequently (eg monthly).

You can also choose to make payments more regularly as long as the total super owed is paid by the quarterly cut-off date.

When is it considered paid?

Contributions are considered paid when the super fund receives them. You may need to make your payment earlier than the cut-off date to allow time for the payment to reach the super fund.

What if you’re late?

You may have to lodge a ‘Super Guarantee Charge Statement’ and pay the ‘Super Guarantee Charge’. This charge is not tax deductible and includes the unpaid super, plus interest and an administration fee.

Check with the ATO

Find out more about late payments at ato.gov.au/latesuperpayments

Step 1 – Your business super obligations


You are generally required to send super contributions payments and data electronically, using a SuperStream approved service. It’s different to a normal bank transfer. Learn the rules

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Learn the rules

What is the right way?

You are required to send your employees’ contribution payments and data electronically in a standard format called ‘SuperStream’.

This format allows super information to be shared between employers, super providers and the ATO.

What are your options?

You have a number of options to make SuperStream compliant payments.

  • Your default super fund – may have an online portal or super clearing house
  • Sign up for a super clearing house – for example, the ATO’s Small Business Superannuation Clearing House
  • Your payroll system – if it offers the ability to make super contributions payments
  • Get help from your accountant or bookkeeper.

Here’s a tip: Ask your service provider if their service meets SuperStream requirements.

What about direct payments to a super fund?

If you’re paying contributions using electronic fund transfer or BPAY®:

  • you must also send the linked super data electronically to be compliant with SuperStream (you’ll need a ‘messaging portal’ to do this)
  • you must have a special agreement with each super fund to continue to pay contributions directly.
What about tax file numbers?

When your employee provides you with their tax file number (TFN), you are required to provide this to their super fund when you pay their next super contribution. If you receive it within 14 days before the payment is due, then you have 14 days to provide their TFN.

Check with the ATO
  • Visit ato.gov.au/SuperStream to find out more about how to comply
  • You can also view their ‘SuperStream Certified Product Register’ to find a super clearing house, payroll system or messaging portal (or check if yours is compliant).

Step 1 – Your business super obligations


Generally, you must provide a super fund that you will pay your employees’ super to if they don’t choose their own fund. Learn the rules

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Learn the rules

What are the requirements?
  • You must select a default super fund (sometimes also called an ‘employer-nominated fund’)
  • The fund must comply with specific requirements under super law
  • The fund must be regulated by APRA and authorised to provide a MySuper product
  • You should include the details of this fund in the ‘Standard Choice form’ you are required to give your employees.

Here’s a tip: Some awards and enterprise agreements may require you to pay super contributions into a specified fund. You should check if this applies for any of your employees.

What is MySuper?

MySuper products are designed to be simple, low-cost and easy to compare.

Check with the ATO

Step 1 – Your business super obligations


Generally, you need to provide the opportunity for your employees to choose their own super fund. You can do this by providing a standard choice form. Learn the rules

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Learn the rules

Do you need to provide a choice?

Yes, most employees have the right to choose their own super fund.

However some employees aren’t eligible to choose their own super fund – because some awards or enterprise bargaining agreements may require you to pay their super contributions to a particular super fund.

How do you provide a choice?

You should provide the ‘Standard choice form’ (or equivalent) within 28 days of a new employee starting work with you. You can get a copy of the form from your default super fund or at ato.gov.au/choiceform

Sometimes you may need to provide the standard choice form to an existing employee if:

  • you are unable to pay super into their chosen fund
  • they would like to change their chosen fund
  • their fund becomes non-complying
  • you change your default super fund.
When do you need to start paying to their chosen fund?

You must pay your employee’s super by the quarterly cut-off dates.

  • If you have received their choice of super fund – you should pay their super to their chosen fund
  • If you haven’t received their choice of fund – you should pay their super into your default super fund to meet the quarterly cut-off date. Once they advise you of their fund choice, you have two months to start paying contributions to their chosen fund.
What if you don't offer a choice?

If your employee is eligible to choose their own super fund, you may be penalised if:

  • you don't offer your employee a choice of fund, or
  • you don't pay their super to their chosen fund.
Check with the ATO

Learn more and download the standard choice form at ato.gov.au/choiceform

Step 1 – Your business super obligations


You should keep accurate records to show that you’ve met your business super obligations for at least 5 years – even if you use a clearing house to make contribution payments. Learn the rules

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Learn the rules

What are the requirements?

You should keep records (written or electronic) to show:

  • the super contributions you have paid for each employee
  • how you calculated them
  • that you offered a choice of super fund to any eligible employees (eg emails and their completed form)
  • details of employees who aren’t eligible to choose their own super fund
  • confirmation that your default super fund offers a MySuper product
  • receipts (or similar) from your employees’ super funds to confirm the contributions received

These records should be in English and kept for at least 5 years.

How do you report super information to the ATO?

Your employees’ payroll and super information should be reported to the Australian Taxation Office (ATO) each time you pay your employees.

You need to submit the information online, using a specific format known as SBR (Standard Business Reporting).

Check with the ATO

To find out more about reporting to the ATO visit ato.gov.au/singletouchpayroll

Step 1 – Your business super obligations


Generally, you may claim a tax deduction for super payments you make for employees each financial year. Learn the rules

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Learn the rules

Is there a limit?

Generally, you may claim a 100% tax deduction for super contributions made on behalf of your employees.

The following are usually not tax deductible:

  • contributions for an employee who is aged 75 and over that are paid after the quarterly due-date
  • the Super Guarantee Charge (the extra charge payable when you make late contributions for any employee).
What if you were late paying your super contributions?

If you miss the quarterly cut-offs, you will likely still need to pay the Super Guarantee Charge, even if you make the payment later. However, you may have these options:

  1. You can use the late payment offset to reduce the Super Guarantee Charge (this option is not tax deductible)
  2. Carry the late payment forward as pre-payment of a future super contribution for the same employee (this pre-payment is tax-deductible in the year it’s paid).
Check with the ATO

Find out more at ato.gov.au/employersuper

Step 2 – Review your default super fund


Some employees may want a simple default option, while others may want more flexibility and choice in how their money is invested. Learn more

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Some things to consider

What is the default option?

Your default super fund must have a MySuper investment option – which is designed to be simple, low cost and easy to compare. If your employee doesn’t make an investment choice their super money will automatically be invested in this option.

The MySuper option will usually have one of the following investment approaches:

  • A balanced/growth option where money is invested in a diversified mix of both growth and defensive assets
  • A lifestage option that automatically adjusts your employees’ mix of assets with their age – moving from growth assets to more conservative assets as they get closer to retirement.
What investment choices are there?

Some super funds offer additional investment options so that your employees can choose how their money is invested. For example they could invest:

  • in line with their goals and preference for risk – eg high growth, growth, balanced, conservative
  • according to their ethics – such as environmental, social or governance standards
  • in specific markets or investment types – like cash, bonds, international shares, property or infrastructure.
Check what’s available
  • Ask your default super fund about the investment options available
  • There is also a range of default super funds in the market you could compare with your existing default fund.
See what’s available with BT
  • BT Super offers your employees a MySuper Lifestage option. Plus, if they want to be more hands on there are over 30 investment options to choose from, including access to a range of leading investment managers.

    Explore BT Super
    View investment options

Step 2 – Review your default super fund


Your default super fund must offer your employees insurance cover – however the level of cover your employees get and the costs can vary between funds. Learn more

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Some things to consider

What insurance is included in super?

Under MySuper, your default super plan must offer death cover and total and permanent disablement (TPD) cover to your eligible employees.

  • Generally employees are covered without the need to supply evidence of their health or other information. This is called ‘automatic cover’
  • An employee can choose to opt-out of the included insurance
  • Insurance cover through super may sometimes cost less than it would outside super. That’s because larger super funds generally negotiate a cheaper group rate for everyone
Are all of your employees covered?

Who is covered can vary between super funds. For example there may be different limits, rules or exclusions for some employees, such as:

  • Casual employees and contractors
  • Non-Australian residents
  • Some occupation types.
What does each type of insurance cover?

Super funds generally offer three types of cover:

  • Death cover (also called ‘life insurance’) pays money to your estate or beneficiaries when you die or if you become terminally ill
  • Total and permanent disablement insurance pays a benefit if you become permanently disabled and are unable to work again
  • Salary continuance insurance (sometimes called ‘income protection’) pays a benefit if you are unable to work due to a temporary illness or disability.
What are the recent changes?

There have been some recent changes to insurance in super:

  • From 1 July 2019, super funds are required to cancel insurance cover for inactive accounts (those which have not received a contribution or rollover for a continuous period of 16 months)
  • From 1 July 2019, inactive low-balance super accounts will be transferred to the ATO and, where possible, reunited with the member’s active super account
  • From 1 April 2020, new members aged under 25 and members with low balance accounts will have to ‘opt in’ for insurance cover. However, employees in certain dangerous occupations are exempt and can be offered insurance cover on an ‘opt out’ basis.

Here’s a tip: Affected members can opt in to keep their insurance cover, if they wish.

Check what’s available
  • Ask your default super fund about who is covered and what they’ll be covered for
  • There is also a range of default super funds in the market you could compare with your existing default fund.
See what’s available with BT
  • BT Super offers death and total and permanent disablement insurance with automatic cover generally provided without medical checks. Plus, if you have 5 or more employees you can choose to tailor the cover you offer including adding salary continuance insurance.

    Explore BT Super
    View the insurance guide

Step 2 – Review your default super fund


Does your default super fund offer extra support and benefits to your employees? This can vary from fund to fund. Learn more

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Some things to consider

What other benefits are available for my employees?

This tends to vary across super funds, but can include things like:

  • discounts and deals – for everyday things like gyms, electronics, travel and entertainment (eg discounted movie tickets)
  • financial education – like online tools, educational articles, newsletters, and online or face to face seminars
  • expert support – access to financial advisers, super and insurance specialists
  • wellbeing support – tools or programs to help your employees look after their financial, physical and mental health wellbeing.
What about the benefits for my business?

Again this can vary across super funds, but may include access to:

  • a super clearing house – to make it simpler to pay all of your employees’ super contributions payments
  • software or online tools – to help you manage your employees’ super.

Here’s a tip: Under super law, you as an employer cannot be offered any additional incentives that might influence your choice of default super fund. Some examples of incentives are things like special discounts, free tickets, gifts or hospitality.

Check what’s available
  • Ask your default super fund about what other benefits are available to your employees and to help you manage their super
  • There is also a range of default super funds in the market you could compare with your existing default fund.
See what’s available with BT
  • BT Super offers discounts and deals, wellbeing support and a personalised Wealth Review report for your employees. You can also pay all your employees’ super contributions quickly at no cost using our super clearing house QuickSuper.

    Explore BT Super’s benefits
    QuickSuper for BT

Here’s your Business Super Profile

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Your business super obligations

Here’s a summary based on your answers:

Do you pay super for the right people?

Review the rules

Do you pay the right amount of super?

Review the rules

Do you pay super on time?

Review the rules

Do you pay super the right way?

Review the rules

Do you have a default super fund?

Review the rules

Do your employees choose where their super is paid?

Review the rules

Do you keep the right records?

Review the rules

Do you claim a tax deduction?

Review the rules

Your default super fund

Here’s a summary based on your answers:

What investment choices are available?

Review investment choice

Does your default super offer the protection that your employees need?

Review insurance

Does your default super offer services to help your employees?

Review other benefits

Some possible next steps to consider

  1. Get a default super fund
    There are many default super funds in the market for you to consider. One option is BT Super, which you can register for online in minutes. Find out more

  2. Review the rules and make a plan
    You can use the ‘Review the rules’ links above to learn about the requirements you still need to meet.

  3. We’re here to help
    Our dedicated BT Super Concierge can talk more about business super obligations and how BT can help.

    Call 1300 365 668
    Mon-Fri, 8.30am – 6pm
    Sydney time

  1. Review the rules and make a plan
    You can use the ‘Review the rules’ links above to learn about the requirements you still need to meet.

  2. Review your default super fund
    Consider how it helps your people and your business.
    Explore BT Super

  3. We’re here to help
    Our dedicated BT Super Concierge can talk more about business super obligations and how BT can help.

    Call 1300 365 668
    Mon-Fri, 8.30am – 6pm
    Sydney time

  1. Review your default super fund
    Consider how it helps your people and your business.
    Explore BT Super.

  2. Recheck the rules
    You can use the ‘Review the rules’ links above to learn more about the requirements and double-check you meet your obligations with your accountant, payroll person or bookkeeper.

  3. We’re here to help
    Our dedicated BT Super Concierge can talk more about business super obligations and how BT can help.

    Call 1300 365 668
    Mon-Fri, 8.30am – 6pm
    Sydney time

Man standing in front of a florist's shop

Meet your business super obligations with ease with BT Super

  • A simple to manage default super plan
  • Simple super payments to all your employees’ super funds
  • No cost to your business – it’s free to register and use BT Super
  • Plus, flexible investing, insurance cover, discounts, wellbeing programs and financial tools.

What you need to know

This information was prepared by BT Funds Management Limited ABN 63 002 916 458, AFSL No. 233724 (BTFM) and is current as at 22 October 2019. This information does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness, having regard to these factors before acting on it. Any tax considerations outlined in this document are general statements, based on an interpretation of current tax laws, and do not constitute tax advice. As such, you should not place reliance on any such taxation considerations as a basis for making your decision with respect to the product. This information provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. All examples and images are for illustrative purposes only. Past performance is not a reliable indicator of future performance.

This document may contain material provided by third parties derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, the Westpac Group accepts no responsibility for the accuracy or completeness of, nor does it endorse any such third party material. To the maximum extent permitted by law, we intend by this notice to exclude liability for this third party material. The information in this document regarding legislative changes is intended as a guide only. It is not exhaustive and does not constitute legal advice. It is based on our interpretation of the law currently in force on the date of this notification and do not undertake to provide any updates to the extent that any of the laws or regulations referred to change in the future. Consequently, it should not be relied upon as a complete statement of the relevant laws, the application of which may vary, depending on your particular circumstances. Commonwealth material in this publication is subject to copyright and reproduced by permission, but does not claim to be the official or authorised version.

BTFM is the issuer of interests in BT Super and the trustee of Retirement Wrap ABN 39 827 542 991. A product disclosure statement (PDS) (including the Guides) is available for BT Super and can be obtained by calling 1300 365 668, or visiting www.bt.com.au. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super. Westpac Life Insurance Services Limited ABN 31 003 149 157, AFSL 233728 (WLIS) is the provider of insurance for BT Super.

BTFM and WLIS are subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (Westpac). An investment in BT Super is not an investment in, deposit with, or any other liability of Westpac, or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment or loss of income and principal invested. Westpac and its related entities do not stand behind or otherwise guarantee the capital value or investment performance of BT Super.

Your personal information is collected by BTFM for the purpose of using this Tool, producing a Profile, emailing you a copy of your Profile (if requested) and employer research. We are required or authorised to collect personal information from you by certain laws. Details of these laws are in the BT Privacy Policy found at www.bt.com.au/privacy. We will not disclose your personal information for any other purpose without your consent, except where we are required to do so under an Australian law or by a court/tribunal.