Reportable contributions must be reported on an employee's payment summary because they may affect the employee's tax liability and their eligibility for various government benefits.
Generally, reportable contributions include:
- Contributions made under a salary sacrifice arrangement; and
- Additional amounts paid to an employee's superannuation fund as directed by the employee.
- The additional contributions are made for administrative simplicity; or
- A policy is documented, proving that the employee is not allowed to influence the contributions made by the employer on their behalf.
- All superannuation guarantee contributions (minimum compulsory contributions);
- Compulsory contributions required by the governing rules of a superannuation fund or by a Commonwealth, state or territory law; and
- Employer contributions made under a collectively negotiated industrial agreement.