Understanding Ordinary Time Earnings (OTE) and Superannuation Obligations
Ordinary Time Earnings (OTE) are central to how employers calculate the minimum superannuation contributions they must provide to employees, as required by the Superannuation Guarantee (Administration) Act 1992 (Cth) (SGAA). OTE represents a specific subset of the broader “salary or wages” an employee may receive from their employer. Employers use OTE to calculate minimum superannuation …
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