Welcome to the May 2018 employer update!

It has been a busy time at AvSuper but I am pleased to be greeting you from our new office at 221 London Circuit, Canberra! We are now in bigger premises to better serve you and your employees, and have managed the move with minimal disruptions to our members.

Thank you for your patience during our transition. As part of the move, please note our new phone number (1300 128 751) and my updated direct line (02 6109 6857).

We are providing you with this update to remind you of some upcoming news and include a summary of the recent Federal Budget release.

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Silas Dingiria
Manager - Member & Employer Services
02 6109 6857 |  0427 156 205

Single Touch Payroll

This also seemed to be a good time to remind you that you need to count your employees as of 1 April to determine your employer status for single touch payroll reporting. If you are unsure of your obligations and requirements under STPR, please read our fact sheet or call our Member Advice Consultants for assistance. To find out more about the move or AvSuper in general, please reply to this email or call your AvSuper team on 1300 128 751.

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Salary sacrifice rule changes

From 1 July 2018, the Government has closed some loopholes so that any salary sacrifice payments for your employees cannot reduce your Superannuation Guarantee (SG) obligations nor reduce the earnings base on which SG is calculated. This means that you need to calculate and pay employees’ SG before removing any salary sacrifice amounts from their pay.

2018 Federal Budget

The 2018 Federal Budget was released on 8 May by the Treasurer. There is not a lot of significant change in super for employers nor for a substantial number of our members, but our annual summary of the Budget is available on our website to keep you informed.


March 2018 Quarterly Investment Update

Global inflation has increased steadily, suggesting inflationary pressures are building, particularly within the United States. Inflation does, however, remain at historic lows.

President Trump is driving up financial market volatility with the trade dispute between the US and China so geopolitical risks remain heightened. To date, the trade policies proposed by both the US and China are not material, although markets are carefully monitoring this to ensure the risk is not elevated, and that global growth is not derailed.

Sue Field
Investments Manager

Locally, business conditions within Australia are strong with an upturn in business investment. This increase in business investment was partially driven by the resources sector after several years of underinvestment. Inflation within the economy is gradually increasing, although wage growth remains low. Due to economic conditions improving, the Reserve Bank of Australia (RBA) has indicated that the next move in the cash rate is likely to be up.

The risk posed by the current high levels of household debt within the nation is manageable at the current historically low interest rates, however, there is a risk that higher US interest rates may lead to increased domestic interest rates and/or a lower Australian dollar thus increasing the pressures relating to household debt.

Did you know... we put a monthly investment commentary on our website to keep employers and members informed about global markets and their impact on Australia. You can find it in our investment section or subscribe* to our commentary reminder list to get an email each month as it is updated.

* Subscribing is easy – just fill in the form beside the commentary or email us at avsinfo@avsuper.com.au and we’ll do it for you.

Useful Information
ABN 84421446069  |  USI 84421446069001  |  Phone 1300 128 751 |  Note AvSuper does not have a SPIN

Contact us
1300 128 751
e. avsinfo@avsuper.com.au

Genuine AvSuper emails will not ask for your log in details. Please refer to the email and security information on our website.

This information is of a general nature only and does not take into account your personal objectives, situation or needs. Before making a decision about AvSuper, you should consider your own requirements, our privacy notice and the relevant Product Disclosure Statement (PDS). For a copy call us or download one from www.avsuper.com.au. AvSuper Pty Ltd (ABN 46 050 431 797, AFSL 239078) is the Trustee of the is the Trustee of the AvSuper Fund (ABN 84 421 446 069).

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