Superannuation Guarantee

Changes to the Superannuation Guarantee

The Superannuation Guarantee (SG) is a compulsory system of superannuation support for Australian employees, paid for by employers.

Up to 1 July 2013, UNSW has been required under the Superannuation Guarantee Act to pay 9% of the ordinary time earnings of employees including part-time and casual, into a complying superannuation fund or retirement savings account.  

In the 2010 Federal Budget, the Treasurer announced that the minimum SG contribution will increase from 9% up to 12%, phasing in from 1 July 2021 as detailed below:

Year commencing
Minimum SG contribution
1 July 2014
1 July 2021
1 July 2022
1 July 2023
1 July 2024
1 July 2025

What does this mean for UNSW employees?

Employer superannuation contributions for UNSW employees (including continuing, fixed term and casual) are 9.5% of ordinary time earnings in 2018.  This will increase to 10% from 1 July 2021 with stepped increases up to 12% as detailed above.  As the Employer Superannuation contribution increases, there will be a resulting equivalent decrease to Superable Salary.

We are currently making the necessary adjustments to our HR systems in order to implement these changes.

For further information, please refer to the following Australian Government superannuation website

Please direct specific questions to your Faculty/Divisional Human Resources Team