21st Feb 2017
Commonwealth Bank workers ‘missing’ super payments
Bank teller who may have been underpaid superannuation

One of Australia’s big four banks is under scrutiny for allegedly failing to make the correct superannuation contributions for employees. 

The Commonwealth Bank, which just last week posted record $4.9 billion half-year profits, is said to have failed to pay superannuation contributions for bank staff who have worked extra hours. Staff affected are largely those at the lower end of the pay scale, working in call centres, branches and administration offices, who often work extra hours.

The alleged failure is said to involve thousands of staff and total millions of dollars. The CBA is investigating the issue, however, this may have been going on for some time, as far back as 2009, according to the Financial Sector Union of Australia (FSU). FSU national secretary Julia Angrisano said it was troubling that a bank as profitable as the CBA could allegedly fail to pay full super contributions for its staff. “We’ve had members of our union contact us over a period of time regarding this issue and we have raised it with the bank,” she said.

“We know there are 7000 part timers in CBA at the moment but there has been a regular turnover of part-time bank staff over the years and the full extent of the problem could run into millions of dollars in back payments plus interest.”

With calls for a Royal Commission into the banking sector refusing to go away, this will surely only add fuel to the fire.

A spokeswoman for the CBA last night confirmed the matter was under review. “CBA understands the importance of superannuation to help secure and enhance the financial wellbeing of our employees, and are committed to ensuring that we comply with obligations to employees,’’ she said.

Read more at News.com.au

Opinion: Just the tip of the super rip-off iceberg

The CBA joins the ranks of employers who have failed to pay employees’ superannuation contributions to the sum of approximately $3.6 billion.

According to a report by Industry Super Australia released in December last year, individual employees could be missing payments of up to $35,000, with unscrupulous employers pocketing the superannuation contributions of 2.4 million Australians. The report found that Australians whose super funds are underpaid are worse off to the average tune of $20,000, with those aged 60–65 missing out on $35,000.

These figures are at odds with those released by the Australian Tax Office (ATO), which claims that last year it only received reports of unpaid super from 10,759 individuals.

Of course, you can only report what you know. The industries that are largely responsible for unpaid super – accommodation, hospitality, construction, manufacturing and retail sectors – tend to be more transient in nature. Perhaps someone only does a job in one of these industries for a short period of time and may not be aware that they’re due to be paid super. Or by the time they receive a statement from their super fund, they can’t remember the exact details of their employment or the employer is no longer operating. It could even be that people simply don't understand their annual super statements when they do arrive.

However, when a big four bank allegedly underpays super contributions for staff, it’s time the Government sits up and takes notice. This isn't some dodgy operation with grandma as its bookkeeper, this is a large financial institution, which quite frankly, the one thing it should be able to do is ensure people are paid what they are due. And yet again it’s those workers at the lower end of the pay scale who suffer. I can’t imagine chief executive Ian Narev has ever had a discrepancy in his super contributions.

Super is a confusing topic. With complex legislation that seems to constantly change, you can even forgive the small business who make genuine mistakes when paying super. But this only serves to highlight the need for everyday Australians to take control of their own superannuation – this will be the money that funds your retirement, after all.

Firstly, learn how to read your annual statement from your superannuation fund. Understand what has been paid in and taken out in fees and insurance. As soon as you notice a discrepancy, report it first to your fund, then your employer and, if still unresolved, contact the ATO.

If your fund offers the option to view your account online, sign up and check regularly. It’s easier to keep track of the hours you worked, and therefore the superannuation you’re due, at regular intervals than at the end of the financial year.

And finally, while you’re checking your super, take a quick review of the fees you’re paying and the returns you’re receiving. If the net gain doesn't seem enough, then find out what other funds could do with your savings.

What do you think? Have you ever been underpaid super contributions by an employer? Do you undertake regular checks on your super fund? Do you think this issue validates the need for a Royal Commission into the banking sector or is it just a system glitch?

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    COMMENTS

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    Old Geezer
    21st Feb 2017
    10:19am
    Employers are only required to pay super on normal hours worked and not over time. So CBA has done the right thing.
    Tarzan
    21st Feb 2017
    11:32am
    I'm with you Old G, who dreams up these nonsense articles? probably taken from the union handbook, who checks the authenticity of these articles?
    Star Trekker
    21st Feb 2017
    12:08pm
    Totally wrong both of you. Check the Super laws. Check my post below.
    Old Geezer
    21st Feb 2017
    1:34pm
    You are wrong Star Trecker as it is worked on an employees normal hours.
    Fredklaus
    21st Feb 2017
    2:39pm
    part time and casuals don't work normal hours!!!!!!!!!!!!
    KSS
    21st Feb 2017
    3:15pm
    Fredklaus, they work normal hours FOR THEM e.g. Mary works 10-3pm on Monday, Wednesday and Friday, Tim works 8.30am - 2pm every day Monday to Friday and so on. These are part-time hours. These employees know when they have to go to work and for how long. In essence they have a contract. And they have 'normal hours' - i.e. the regular times and days for them - and which are included for superannuation. Any days or hours above THEIR 'normal' are NOT included for superannuation purposes even if they are equal to hours worked by a full-time employee.

    Now we have James who is not there every week but when times get busy the organisation calls him in. At those times he could work on any day or all days. His hours could be few or equal to a full time employee. But the difference is he is 'casual'. He has no guaranteed hours of work or indeed any work at all.

    Don't confuse part-time and casual workers. They are not the same and different rules apply to each
    TREBOR
    21st Feb 2017
    5:19pm
    You are correct, KSS - they work normal hours for THEM = normal hours. No arguments please - this petty self-serving, thieving loophole must be closed NOW!
    Old Geezer
    21st Feb 2017
    5:29pm
    Wrong Trebor most businesses would not be able to open weekends if they had another expense to pay.
    MICK
    21st Feb 2017
    7:52pm
    Ah Geezer......defending the government and big business line AGAIN.
    Superannuation is fraught with fraud from the small business owner not paying into his employees' accounts to (now) big business doing likewise.
    I can see why Labor keeps calling for a Royal Commission into the big banks. When a bank like CBA defrauds its employees government should be acting. Unfortunately the LNP has been put into power by big business and will shake the finger and put on fake displays but only ever act when it is clear the public is not going to wear the misconduct/fraudulent behaviour demonstrated.
    The day of reckoning is coming Geezer and no amount of pro government posts is going to put off what has to happen.
    TREBOR
    21st Feb 2017
    8:19pm
    So the mandatory super which was supposed to give a retirement package, and which would coincidentally (LMAO) 'assist' the pending social security blowout from retiring large numbers, which was anticipated thirty years ago, is now just an extra expense to a businesws?

    But... but.. but........ it was in lieu of a pay rise... since when did a casual etc not receive the same pay rise.... or are you all hiding something from the ever gullible Australian people? ...... argument ends.

    Pay up or be taken to court is my answer. All this cowboy coffee shop crap has got to be looked at very carefully - this is not yet the Third World in its conditions of work, regardless of its developing Third World Banana Republic Republican Dictatorship by the few for their own benefit and damn the rest........
    TREBOR
    21st Feb 2017
    8:21pm
    I thought I was wrong once, OG - but I was mistaken... I made a reading error yesterday with something KSS posted... I apologised. Apart from that, unfortunately for the Right and their running dogs, I am rarely wrong, and can back it up with facts and with reason.
    MICK
    21st Feb 2017
    8:50pm
    Truer words were never spoken TREBOR. What most of the apathetic Australian public fail to see is that we are witnessing the same manipulation in this country as has been the norm in America for many decades. People here do not want to believe that the top end of town is trying to take everything but the divide has been growing for quite a long time now and the laments from the big end of town's political party should come as no surprise as the rich tell us all we are paid too much whilst they provide effective wage decreases every year and add this to their own remuneration.
    I keep calling the above class warfare. Theft by stealth and media manipulation to get their own crooked government into office. We all need to see the game for what it is and then vote accordingly.
    Wstaton
    21st Feb 2017
    10:39am
    My god here we go again "the banks"
    Old Geezer
    21st Feb 2017
    10:43am
    This time it is the bank that is in the right.
    Adrianus
    21st Feb 2017
    1:54pm
    It's become a national pastime. Nobody could bash a bank like Wayne Swan. He was a master.
    TREBOR
    21st Feb 2017
    5:19pm
    Well - if the banks just toed the line..........................
    MICK
    22nd Feb 2017
    3:46am
    Whilst you are incorrect Frank the banks have created their own misery. The current government is heavily sponsored by banks, amongst other self interest business concerns, and is protecting big business and putting most Australians to the torch to send public money to wealthy multinationals and the rich. Your normal support of the current fraud calling itself a 'government' is your normal form. That's why I suspect you and a few other posters on this website are on the payroll. Otherwise you could not trot out the sort of support and BS you do to promote this bad bad government of the rich.
    Wstaton
    21st Feb 2017
    10:58am
    OG. These are mainly part timers who are asked to extend there hours not normal employees who are working a normal weekly hours. If a part timer works 20 hours and is asked to work a further 10 hours this is not overtime. Geez if this was so I can amagine the roots by some employees.

    Ha work part time for 20hours but we would will keep asking you to work an extra 20 hours. That will get us out of having to pay super for that extra time worked.
    Old Geezer
    21st Feb 2017
    11:19am
    Those part time workers have normal hours of 20 hours and that is all the bank is required to pay super on. It doesn't matter if they do 50 hours they still only get super on 20 hours. 20 hours is their normal hours of work and super is only paid on one's normal hours of work.

    That's is how it legislated. I recently did a claim for an unpaid worker which included a claim for their super so I know how it works.
    TREBOR
    21st Feb 2017
    3:05pm
    Thank you for pointing out the failings in the superannuation system, OG.. you truly are a gem to anyone seeking to set wrongs right in this great nation.
    Adrianus
    21st Feb 2017
    11:20am
    The ATO is hopeless, regardless of how many claims they need to follow up on. Absolutely useless. Their main focus is not working an extra 9 minutes each day. Somehow they have managed to work only 36hrs 45mins per week. They need to lift their game!!
    Rae
    21st Feb 2017
    2:33pm
    Perhaps all the people looking into super were among the 4400 sacked. It appears that way. The government sacking all the ATO staff not involved with chasing PAYG workers wouldn't surprise anyone.
    Adrianus
    21st Feb 2017
    3:03pm
    Rae, when were all those 4,400 sacked?
    During 2014/15 there were 18 dismissals and another 22 dismissals during 2015/16. That begs the question? Where did you hear about the other 4,360? I know around 100 ATO employees died during this time so are you including them? Think you may be telling a little porky?? :)
    TREBOR
    21st Feb 2017
    3:06pm
    Did they die of overwork? Just asking.....................
    Rae
    21st Feb 2017
    4:02pm
    You could be correct Frank. I read it just a couple of days ago and it was used to excuse ATO not making a decision in a timely fashion in an article. Why does the ATO appear to be less efficient these days?
    TREBOR
    21st Feb 2017
    5:21pm
    Government policy, Rae - fewer people to keep track of the rorting that's going on at the high end - the OJ (Ordinary Joe) pays tax through PAYG so he/she doesn't matter. Not much to hide there and too much money to chase a few dollars... cut staff and the high end walk away whistling (gasps) all the way to the bank.....
    Adrianus
    21st Feb 2017
    7:17pm
    Yes Rae there are still 21,000 odd employees at the ATO and if they thought about it, would an extra 9 minutes per day really be too much to handle? We're not talking about Centrelink. The media is bias to the left you could expect that 40 sacked sounds more like 4,400 to the media. Either way the ATO needs to pull out their finger and increase productivity by the 1.78%.
    TREBOR
    21st Feb 2017
    8:24pm
    I think the issue is erosion of conditions - Jeez, Frank - I worked for the CPS in the 1980's and found it unpalatable due to its management style and the introduction of affirmative action and did better in the real world, moving from just under AWE and seven 'grades' lower to the same as the Sydney head of the government branch I worked for then, in the private security industry sector, within two years - even then I worked a seven hour twenty-one minute day....

    Can't keep a good man down.
    Adrianus
    21st Feb 2017
    9:45pm
    If you take pride out of the equation and put more focus on objectives then the erosion becomes meaningless. What's 9 minutes? For 20% just another smoke. I see them standing outside the building smoking while I'm trying to get my super. What about my bloody erosion of my retirement savings? And another thing Trebor, who works a 7hr 21min day these days???


    I mean apart from the ATO?
    TREBOR
    22nd Feb 2017
    12:04am
    Frank, I agree from a position of 'giving a little bit', and nine minutes is not much - a seen and a half hour day instead of seven hours and twenty one minutes is hardly a burden.

    On the other hand, it is the principle that counts - once you start to erode conditions, you shove that wedge in the door and push and push.... no wonder the APS primarily employs women and ethnics - they don't know the simple rules of life yet.....
    TREBOR
    22nd Feb 2017
    12:08am
    ... I forgot to add "and losers like Fat Hank of Centrelink fame"....

    Footnote:- The head of the bureau in Sydney was coping $32k at the time I resigned - within two years in the private sector I was making that and more.... a loss of an outstanding officer who designed and implemented an entire system in his first year.... and all to justify affirmative action and piss poor management... oh, well.... no wonder the country is a ruin waiting to happen.
    Old Man
    21st Feb 2017
    11:41am
    Payment of compulsory super is a minefield. I worked through a labour hire group for a time and the hours were mainly dogwatch and weekends. On checking my payslip I noticed that the compulsory super was less than 0.5% of the amount earned. The relevant part of the legislation was shown to me and most of the hours worked fell outside the hours which attracted compulsory super. What is needed is for compulsory super to apply to every hour worked and the (current) 9.5% applied to the gross pay over the pay period.

    If the legislation has grey areas which can cause mistakes to be made then those areas must become black and white to remove the errors. In the case of the CBA, they are now caught between a rock and a hard place. If they don't support the claim they will be accused of looking after shareholders and if they do support the claim they will be accused of ripping off the workers.
    Old Geezer
    21st Feb 2017
    11:55am
    CBA has the law on their side so if they give then they are not doing the right thing by their shareholders. We will then see a class action against the directors.
    Old Man
    21st Feb 2017
    12:15pm
    Thank you OG, perhaps you shareholders can also sue the CBA for wasting money carrying out a review. According to you, the matter is cut and dried so the CBA is wasting precious funds paying staff to review the claims of underpayment.
    Old Geezer
    21st Feb 2017
    1:36pm
    Obviously they have to conduct a review just to prove they are right.
    TREBOR
    21st Feb 2017
    3:07pm
    When I last worked - as a casual club bus driver - all my earnings was subject to super, and most of my work was nights. It seems the boss was ethical as well as a numbah crunchah.... his public persona was very quiet and laid-back.... many thought him simple...
    The Phoenix
    21st Feb 2017
    11:56am
    Part time workers and even casual employees are entitled to superannuation payments. If you go to the fairwork.gov.au or ATO websites it clearly states that employees are entitled to superannuation payments when an employee is paid $450.00 or more per MONTH and is over the age of 18. Or who works over 30 hours per week if under 18.
    Old Geezer
    21st Feb 2017
    12:00pm
    It goes on to also say on normal working hours and is explained further on the ATO site.
    Wstaton
    21st Feb 2017
    12:52pm
    Part time is also consider anything up to what a normal week is. Extra hours is consider an extension of part time. What is considered part time 1 hour, 2 hours 10 hours 30 hours. Part time work is not fixed. Once part time reaches what is considered normal work hours of a 38 hour week then it doesn't stay part time. This is what the argument is all about and I hope they win. There are already too many employees (franchisees) etc. stealing workers wages and subjugating their rights that they have under Australian law. What is worse when they are found out breaking the law they are just smacked on the hand and told to pay up. They broke the law why are they given penalties as well just the same as we would if we broke the law.
    Old Geezer
    21st Feb 2017
    1:24pm
    They haven't broken the law as these employees have worked more than their normal hours and are therefore not entitled to super on the extra hours. CBA will win this.
    Wstaton
    21st Feb 2017
    1:46pm
    OK OG. Then It's overtime. Have they been paid at overtime rates.
    Old Geezer
    21st Feb 2017
    2:05pm
    It depends on their award whether it is overtime or not.
    TREBOR
    21st Feb 2017
    3:08pm
    So what are 'normal hours' in an industry that works 24 hours a day? May one ask??
    Star Trekker
    21st Feb 2017
    3:20pm
    Anything up to 38 hrs/wk.
    https://www.ato.gov.au/business/super-for-employers/in-detail/ordinary-time-earnings/ordinary-time-earnings-and-super-guarantee---examples/

    Depends if there is a contract or an award covering the amount they are paid for.

    One example from the site No ordinary hours of work stipulated

    Kim is employed under a contract requiring her to work a minimum number of hours per week in a call centre. By agreement between her and her employer, she may work additional shifts when mutually convenient. She often does so, though there is no clear and consistent pattern to this.

    There is no award or agreement governing Kim's employment that specifies her ordinary hours of work, nor do the extra shifts worked attract any overtime penalties or other higher payments.

    Salary or wages

    All wage payments made to Kim are a reward for services she provides as an employee and are therefore 'salary or wages'.

    OTE

    As there are no stipulated ordinary hours of work, and no readily discernible pattern of customary, regular, normal or usual hours, all of Kim's hours actually worked are her ordinary hours of work. Therefore, all of her wages are OTE.
    Old Geezer
    21st Feb 2017
    4:22pm
    You need to check the work contract on that one Star Trekker. That minimum number of hours is what she is likely to get super paid on as that is her ordinary hours.
    Star Trekker
    21st Feb 2017
    6:18pm
    That Example was straight from the ATO website. Better check again OG.
    The Phoenix
    21st Feb 2017
    8:03pm
    Thank you Star Trekker for the extension of the detail. I was going to quote the same.
    Star Trekker
    21st Feb 2017
    12:08pm
    Wrong OG. If you earn more than $450 in a month you must be paid Superannuation. It goes of the amount earned, not the hours you work.
    Star Trekker
    21st Feb 2017
    12:11pm
    https://www.superguide.com.au/boost-your-superannuation/superannuation-guarantee-10-facts-about-your-sg-entitlements
    Patriot
    21st Feb 2017
    12:53pm
    Star trekker,

    CORRECT!
    KSS
    21st Feb 2017
    12:54pm
    Star Trekker, using your own reference, the first sentence under the first point states:

    "1. Superannuation Guarantee rate of 9.5%
    Your employer must make superannuation contributions, at least quarterly, based on an annual entitlement of the equivalent of 9.5% of your ordinary time earnings for the 2016/2017 year (1 July 2016 to 30 June 2017)."

    NOTE: Ordinary time earnings! Overtime is NOT included. OG is quite correct.
    Patriot
    21st Feb 2017
    1:08pm
    KSS,
    It would be "Highly Unlikely" for overtime to be worked whilst the $450.00 per month earnings are not met.

    After all, I believe that $450.00 per month would be "Well Below' the Minimum Wage earnings for a normal working week,

    Therefore Logic would dictate that - if overtime was worked (???) - this item would trigger the requirement for Super Contributions to be mad as per Aust LAW.
    Wstaton
    21st Feb 2017
    1:14pm
    Whats not understood here part time is part time. If one works under 38 hours a week it is consider part time. If one works 20 hours one week it is considered part time. If they work 26 hours the next week it is considered part time. Is the part timer paid at overtime rates for this 5 hours No! Why? becuase it is not consider as this.

    If a part timer works 40 hours in just one week then It could be considered that the extra 2hrs is overtime. It is not considered full time work just because they worked one week at this rate because the employee has to work an "average" of 38 hours a week.
    Old Geezer
    21st Feb 2017
    1:33pm
    Super is worked out on your normal hours. If it's 38 hours then it gets worked out on 38 hours if it's 20 hours then it gets worked out on 20 hours. Sick leave and annual leave is also only worked out on your normal hours too. It demands on the award but in some awards these workers could be on over time after they have worked their 20 hours. Casual employees have their super worked out differently than part time workers.
    Wstaton
    21st Feb 2017
    1:39pm
    Well KSS if the extra hours are considered as overtime were these part time employees paid at the appropriate overtime rates.

    If not, then I would suggest that this would be another area that should be taken up with the Fair Work Commission.

    Employers can't have it both ways.

    And before I get the rants I looked it up.
    KSS
    21st Feb 2017
    1:42pm
    Patriot, Overtime is irrelevant. It is your 'normal' hours that are the subject of superannuation. You know when you are meant to work - you have an agreement to work a certain number of hours or days. Those are your 'normal' hours. If you work more than your 'normal' hours this would be considered extra time FOR YOU! Those extra hours would not be considered for superannuation because they are NOT your normal hours of work.
    Old Geezer
    21st Feb 2017
    1:43pm
    KSS your are right. I actually rang FairWork on this and had it verified.
    Adrianus
    21st Feb 2017
    1:58pm
    Old Geezer, I find it hard to believe that first of all, someone from FairWork actually answered the phone and then did not bump you to the ATO. You must have connections?
    Old Geezer
    21st Feb 2017
    2:03pm
    Yes I have also talked to the ATO on this as well. I'm not scared to ask for information from anybody about anything.
    Wstaton
    21st Feb 2017
    2:07pm
    Gee! Wouldn't it be wonderful if Centrelink Customers could get instant response from them,
    Adrianus
    21st Feb 2017
    2:09pm
    Old Geezer, the Don Quixote of YLC, marching into battle for a heavenly cause. Standing alone but with the courage of a thousand titans!
    Patriot
    21st Feb 2017
    2:32pm
    KSS
    You're right of course.
    What I meant to say is that, if overtime is worked your Normal Hours pay would be more than $450.00 per month and therefore, Super payments are automatically triggered independent of the overtime worked.
    Rae
    21st Feb 2017
    2:42pm
    Just another reason for workers to tell the Government to stick the damn Superannuation and just pay them what they are due. At nearly 4 billion a year it's a lot of money being stolen from them and superannuation let's bosses get away with it.
    Patriot
    21st Feb 2017
    2:53pm
    Nor IF but WHEN the Global Financial System collapses, ALL this money will be going to the BANKSTERS and we - the people - will be left with no funds in the "retirement Kitty".
    Wonder if that is how the "Powers that BE" are planning it?????
    TREBOR
    21st Feb 2017
    3:18pm
    'equivalent of ordinary hours' - hmm - that sounds very open to interpretation here.... EQUIVALENT means same-same as ordinary hours, so I see nothing to indicate out of hours not included. Maybe also they mean ordinary hours as in the hours ordinarily worked... casual call-out is ordinary for that industry.... and so forth.

    I think some are 'interpreting' this to suit themselves.
    Rae
    21st Feb 2017
    4:17pm
    If you are right Patriot that is 9.5% on top of everything else being redistributed from the workers to Capital.

    I always had my doubts about Superannuation simply being another rip off and a way to force share and bond markets higher.
    TREBOR
    21st Feb 2017
    5:24pm
    Starve the rabelais enough and they won't have the strength to fight back when you take a feudal domination over them.
    floss
    21st Feb 2017
    12:11pm
    Give it a rest OG.you know the banks and the multinationals run Australia under this Government and would screw a black dog on a chain.
    Star Trekker
    21st Feb 2017
    12:12pm
    True
    Anne Ozzie
    21st Feb 2017
    12:15pm
    hear hear. Old Geezer I can't imagine why a retiree would be sticking up for political parties and business which would be the first to shaft him! Are you for real or are you a troll for the Liberal Party?
    Patriot
    21st Feb 2017
    12:52pm
    "Good Looks" are not a required attribute for the dog either
    Old Geezer
    21st Feb 2017
    1:29pm
    No I'm not sticking up for anyone here. I just know what the law says and how to apply it and I had a recent case where I had to research this law.
    Patriot
    21st Feb 2017
    2:33pm
    Why don't we commit the banksters to be JAILED as just happened in Spain and previously in island.
    Criminals should be behind bars!!!
    TREBOR
    21st Feb 2017
    3:19pm
    Eireland is an island.... but not Island.... it's the biggest mix-up that you have ever seen, my father he was Orange and me mither she was Green...
    Patriot
    21st Feb 2017
    4:33pm
    Island should have been Iceland!!!
    Reykjavic with the active volcanoes & the hot water spouts!!!
    TREBOR
    21st Feb 2017
    5:26pm
    Ah - hot stuff.... well done.....
    spicer
    21st Feb 2017
    1:53pm
    One trick an employer used on me was to calculate my pay at the lower award rate for super contributions and then making up the difference by calling it a bonus which is not subject to super contributions
    floss
    21st Feb 2017
    1:55pm
    OG.do we hear you complain about the obscene salary paid to bank CEOs.If you were a fair dinkum person you would support the under dog but as a true Lib with their born to rule attitude you never could.
    Old Geezer
    21st Feb 2017
    2:00pm
    Bank CEOs don't get paid any more than CEOs of other companies so that myth is busted too. I stick up for who is right and not under dogs that are wrong.
    Adrianus
    21st Feb 2017
    2:04pm
    Yes OG, why are you so happy? Why don't you have a negative whinge and urge people to take pity on you?
    Old Geezer
    21st Feb 2017
    2:09pm
    Frank I don't whinge as I learnt a long time ago that no one really cares so why bother. Why would I want anyone to take pity on me?
    TREBOR
    21st Feb 2017
    3:20pm
    They all repent on the scaffold....................
    TREBOR
    21st Feb 2017
    3:22pm
    Pol Pot had the right idea, but his execution (sic) was fatally flawed..... put les chats grosse out in the paddy fields to wrestle with cobras....
    Rae
    21st Feb 2017
    2:21pm
    No wonder the self employed and business owners don't have to belong to the Superannuation funds. Can you imagine the screaming if they lost 9% of their incomes each year.

    The dividend should not be paid out until this is sorted and worker's paid their proper entitlements.
    Old Geezer
    21st Feb 2017
    2:25pm
    The dividend will be paid out of the 4/4/2017.

    CBA will just adjust their interest to make up the difference so anyone with money with them will pay for it.
    TREBOR
    21st Feb 2017
    3:23pm
    You truly are a gem, OG - thank you for pointing out the need for government to resume control over banking via regulations dumped by a Labor government.... and for the Royal Commission to determine that simple fact.. self-evident but in this day and age unless some Learned Academic signs off on it, it has no merit.
    Old Geezer
    21st Feb 2017
    3:34pm
    Trebor any business will find ways of making up any losses suffered.
    TREBOR
    21st Feb 2017
    6:29pm
    All the more reason to bring them to heel.....I can promise you nothing but blood, sweat and smears.... but we will prevail.
    TREBOR
    21st Feb 2017
    3:04pm
    Amazing - I just answered a question about the merits of OPM (Other People's Money) on another YLC strand - and it seems that even employees of the Big Bank are not sacrosanct....

    Fine the CEO etc massively - they can afford it. Overpaid, under-worked, and over here....
    Old Geezer
    21st Feb 2017
    4:22pm
    I think OAPs are massively overpaid for what they do too.
    TREBOR
    21st Feb 2017
    6:30pm
    Not at all - they are not required to do anything since they've already done it, long before you.... I'm thinking of getting a bumper sticker saying ... "Whatever you do on the road, kid - I did it fifty years ago"...
    floss
    21st Feb 2017
    6:26pm
    Please correct me as you will are some bank CEOs. on well over 10 mill.Please explain OG.AS a spin doctor for the Libs you do a great job, but they do need all the help they can get.
    TREBOR
    21st Feb 2017
    6:31pm
    Never a truer word spoken....
    Old Geezer
    21st Feb 2017
    7:35pm
    Well looney what can I say other than they actually work for their money a lot of others don't. Theses people just get a handout for doing absolutely nothing.
    TREBOR
    21st Feb 2017
    8:47pm
    You call that work.. you need to get out more.....
    TREBOR
    21st Feb 2017
    8:48pm
    How much will I put you down for, towards the Orphan's Fund, OG Scrooge? And how many unemployed will you take on to alleviate poverty?

    21st Feb 2017
    7:49pm
    so easy to fix, anybody paying a person any money for services rendered has to pay the 9% super on top of the payments regardless off the hours worked whatevever it is, night, day or whenever, full time, part time of what ever, anybody found not to pay the super be fined dubble that amount plus a fine of minimun 50% of the outstanding payment, see the cash in hand collapsing, this being the greatest tax avoidance in this country if not in the world.
    TREBOR
    21st Feb 2017
    8:49pm
    Perfectly correct - under Scottish law 'theft as a servant' carries a double penalty - so theft as a 'master' should carry the same penalty....

    Take two jelly beans....
    Batara
    21st Feb 2017
    10:01pm
    On this occasion Old Geezer is right. Following from ATO web site:
    The minimum super you must pay each quarter for each eligible employee is called the super guarantee (SG).
    Currently the SG is 9.5% of their ordinary time earnings (OTE).
    OTE is usually the amount your employee earns for their ordinary hours of work. It includes things like commissions, shift loadings and allowances, but not overtime payments.
    To work out what you must pay, multiply your employee's OTE for the quarter by the SG rate (or the percentage you use if you're paying super at a higher rate).
    TREBOR
    22nd Feb 2017
    12:10am
    We've already decided that is a loophole that will be fixed - TODAY.
    TREBOR
    22nd Feb 2017
    12:10am
    Super payment was in lieu of a pay rise and attaches to every hour worked regardless..... no more cheating.
    Eddy
    21st Feb 2017
    11:04pm
    This argument on Super Guarantee is not so simple as some people think. The SG amount is more complex than normal hours worked. Industrial awards, enterprise bargaining agreements and a few other items will determine the amount for which SG is paid. It may or may not include overtime. A bland statement that only ordinary hours are subject to SG is too simplistic. The CBA may have been correct, but may not. The lawyers/courts will decide the question.
    TREBOR
    22nd Feb 2017
    12:12am
    Simple solution - apply super to every hour worked at the Award rate plus extra for grade. Problem solved. No more cheating, no more manipulation of interpretation, no nothing.

    Another argument for returning to a total Awards system......


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