Hostplus
for business

The minimum Superannuation Guarantee (SG) payment is currently 11.5% of your employee’s ordinary time earnings. If your employees are covered by an award or employment agreement that specifies a higher super contribution than 11.5%, you must pay the higher amount. 

SG rates are scheduled to increase. See the table below for the proposed increases through to 2025. For the latest information about SG rates and ordinary time earnings, call the Australian Taxation Office (ATO) on 13 10 20 or visit the ATO website.

Super contributions

Contributions are required quarterly, but if you prefer to pay more frequently that’s fine. The frequency of payments may vary depending on whether any of your employees are covered by an award or employment agreement that specifies alternative payment periods. For most employees, Superannuation Guarantee (SG) contribution due dates are listed below:

Super Guarantee due dates

Please note: even though the legal due date is the 28th of the month following the close of the quarter, Hostplus prefers contributions to be paid by the 14th. For example, we expect contributions for the 1 October–31 December quarter by 14 January, even though they are not legally required until the 28th. This gives us the opportunity to follow up in case of errors or uncertainty, and helps protect you from negative implications. 

Late payments may attract the Superannuation Guarantee Charge. This is made up of three parts:

• the SG payment
• an administration charge of $20 per employee per quarter, and       
• an interest charge of 10% p.a. on any SG shortfall amounts imposed by the ATO.

Once you’ve submitted your contribution details, we accept Electronic Funds Transfer (EFT) and direct debit for your payments through QuickSuper. For more information on payment options, call us on 1300 467 875.