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Your Role

The following is a brief list of your responsibilities as an employer. Whilst each item will improve the smooth operation of the Fund, they also have a legal implication for each employer. In some case, failure to comply with the obligations can result in a financial penalty imposed by the Australian Taxation Office, whilst in other circumstances, may leave the employer vulnerable to litigation (particularly where insurance is involved).

 

The Fund strongly encourages each Employer to adopt and apply the requirements discussed in each of the below items:

 

  • To ensure that all forms completed by their employees and that all information relevant to the administration and maintenance of their employees' superannuation accounts is forwarded to Mercy Super in a timely manner.
  • Member personal contributions must by law be remitted to the Fund on behalf of the employees within 28 days after the month they became due. For example, a member contribution deducted from an employee's pay on 15 April must be remitted to the Fund by 28 May.
  • Superannuation Guarantee (SG) Contributions must be remitted to the Fund in full for each employee within 28 days after the Financial Year they became due.
  • While these deadlines are quarterly, Mercy Super likes contributions to be paid monthly.
  • New Employee details, employee status changes and details of reassigning employees are required to be advised to Mercy Super no later than the end of each month. The easiest way is to submit these details with your monthly contributions.

 

Death Claims or potential Total and Permanent Disablement Claims should be reported to Mercy Super as soon as possible.

 

If all necessary information is included with each Employer's monthly contribution returns, this should help ensure compliance. If you have any questions regarding this matter or wish to discuss any of the above items in greater detail, please feel free to contact Mercy Super.