Reportable Employer Superannuation Contributions

A reminder to all employers issuing PAYG Payment Summaries for the 2009/10 financial year. This is the first year you must include Reportable Employer Superannuation Contributions (RESC) on the summaries. Any employee who receives RESC must be issued with a PAYG Payment Summary, whether or not they received salary or wages. These reporting requirements are similar to the current Fringe Benefits reporting requirements.