14/06/2007
Tax File Number Declaration Forms and Superannuation
Changes to superannuation that will impact on you.
What are the changes?
From July 1, 2007:
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When an employee gives you a Tax File Number declaration form you will be required to pass on their tax file number to their super fund.
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You will be able to claim a full deduction for all contributions to super made on behalf of your employees provided certain conditions are met.
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Eligible termination payments will become employment termination payments, and generally can no longer be rolled over into super funds - other new rules also apply.
Click on the links below for more detailed information about the changes and what you should do.
Tax file numbers and superannuation - a guide for employers
