On 14 February 2012, Treasury released for public comment an exposure draft for the payslip reporting of superannuation contributions measure and the accompanying explanatory materials.
This measure will amend the Superannuation Industry (Supervision) Act 1993 to require employers to report, on payslips, any information prescribed in the regulations about superannuation contributions. The regulations will in turn require employers to report the amount of superannuation contributions, as well as the date on which the employer expects to pay them.
The closing date for submissions is Monday 20 February 2012.
For more information, refer to media release No 2011/131, entitled "A better deal for superfund members", issued on 21 September 2011 by the then Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten.