Updated Guide to Ordinary Time Earnings: What Employers Need to Know
Getting superannuation (SG) payments right is a cornerstone of being a compliant employer in Australia. The calculation starts with correctly determining an employee’s Ordinary Time Earnings (OTE), and the Australian Taxation Office (ATO) has recently updated its guidance to provide greater clarity. What are Ordinary Time Earnings (OTE)? OTE forms the basis for calculating your Super…
