Submission

Friday, 11 August 2017

Salary Sacrifice Integrity Measures

AIST welcomes the proposed changes which will remove loopholes that allow employers to reduce the Superannuation Guarantee (SG) entitlements of employees who use salary sacrifice arrangements. The effectiveness of this measure could be enhanced by using gross remuneration as the basis of calculation of the SG, and removal of the ability for employers to generically label concessional contributions in SuperStream.