iKeep Bookkeeping | Superannuation rules updated in awards

Superannuation rules updated in awards

Superannuation provisions in awards have undergone recent updates to align with the entitlements outlined in the National Employment Standards (NES). These updates, implemented by the Commission, ensure that modern awards accurately reflect the current regulations concerning superannuation. Notably, these adjustments incorporate the newly established entitlement to superannuation contributions under the NES, which came into effect on January 1, 2024. The Commission’s revisions took effect from April 9, 2024. For further details, refer to Fair Work’s website.

 

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