Payroll – Definition of ‘ordinary time earnings’

This article discusses the definition of ‘ordinary time earnings’, which is used as the basis for calculating an employer’s minimum superannuation guarantee contribution for their employees. Where an employer does not meet the minimum superannuation guarantee contribution, they will be liable for the superannuation guarantee charge (SGC).

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Disclaimer: This article is based upon information available as at the time of publishing and may be subject to change.