19 Oct 2009
All employers are obligated to provided HESTA with tax file numbers for:
Penalties of up to $1,100 are payable to the ATO for each eligible employee whose TFN you haven’t supplied.
To supply TFNs, include them alongside the relevant employee’s details on your next HESTA Contribution advice.
Those staff members whose TFNs we don’t hold will pay more tax on their super contributions and they won’t be able to make any after-tax super contributions of their own.
Check your records today to make sure you’ve supplied TFNs for all relevant employees.
Super information:Your employer guide
HESTA recently updated the publication Your employer guide. As well as additional information, the new guide is clearer in its coverage of:
SG reporting requirements
contribution obligations and late payment repercussions
extra services available to you through HESTA
HESTA’s insurance offerings and benefits
easy administration tips
super contribution payment options.
If you have questions about super administration or your role as a HESTA employer, download the new guide from www.hesta.com.au/employers/tools-and-forms/forms.html now.
Have you changed your details?
If any of your employer details have changed, please let us know in writing on your business letterhead so we can update our records.
Changes we need to know about include:
business name (please provide a copy of your Business Registration Certificate)
business structure (e.g. business or company)
business address
business phone number
the contact person responsible for administering super in your workplace
your email address.
Updates to HESTA brochures and forms
HESTA’s publications are regularly updated. There have been recent updates to these brochures:
Your investment choice guide – September 2009
Your guide to topping up – September 2009
Your employer guide – September 2009
Download these publications at www.hesta.com.au To obtain hard copies, free call 1800 813 327.
Remember to dispose of any old copies you have as they may not reflect current processes or legislation.
Super Guarantee (SG) contributions for the quarter ending 30 September 2009 should reach HESTA by 28 October 2009. If you haven’t made your contributions by 28 October you must lodge a Superannuation Guarantee Charge Statement — Quarterly with the Tax Office and pay the SG charge to the ATO by 30 November 2009. Any such payment does not extinguish your obligation to pay contributions to HESTA, and no offset can be claimed unless the payment to HESTA is made before an assessment is raised by the ATO. Note that since 1 July 2008 you must use ordinary time earnings as the basis for calculating SG contributions for all employees.
