Is super payable if an employee receives a cash bonus?
I have been contacted by a company from the UK who are setting up business trade here in Australia and they have asked if they were to pay a cash bonus for their Australian employees for reaching a sales target, do they need to pay Superannuation on top of this?
I don't know... this is not my area of expertise and so I am looking for someone who either knows or has a business that can help them out. Ideas?
In short yes superannuation must be paid on a cash bonus as it would for other income formed the employee earns. Attached is a link to a good summary sheet regarding employee superannuation entitlements within Australia.
Hope this helps.
Regards Chris Nobbs - www.dirigogroup.com.au