From 1 July 2021, the superannuation guarantee rate will increase to 10 per cent.
When the superannuation guarantee increases, employers must ensure that they are not reducing the Guaranteed Annual Earnings (GAE) of their sponsored workers.
Earnings are defined in the Migration Regulations as wages, amounts applied on the person’s behalf, and the value of non-monetary benefits. Earnings do not include amounts that cannot be determined in advance, reimbursements and contributions to superannuation.
Business Sponsors have an ongoing obligation to ensure that subclass 457 or 482 visa holders are being paid in accordance with the GAE indicated in their approved nominations, and that the sponsored workers are not being paid less than what an equivalent Australian worker would receive in the same position.
Please reach out to your Ajuria Lawyers adviser if you require further information.
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