Refer to your student manuals, relevant legislation, industry documentation and the FairWork Australia and ATO websites as required.
You may also be required to conduct internet research to complete the following questions.
QUESTION 1
Compile a list (minimum of 5) of the legislation, regulations and taxation systems relevant to salary packaging arrangements and allowances and describe the key features of each
Click or tap here to enter text.
QUESTION 2
List the keys features (at least three) of each of the following types of superannuation funds:
- Industry Funds
Click or tap here to enter text.
- Retail Funds
Click or tap here to enter text.
- Self Managed Super Funds (SMSFs)
Click or tap here to enter text.
QUESTION 3
What are the employee eligibility requirements for superannuation guarantee contribution?
Click or tap here to enter text.
QUESTION 4
List the key features of each of the following types of superannuation payments:
- Employer contributions
Click or tap here to enter text.
- Employee contributions
Click or tap here to enter text.
- Salary Sacrifice super
Click or tap here to enter text.
QUESTION 5
What is the difference between defined benefits and accumulation type super?
Click or tap here to enter text.
QUESTION 6
Explain the impact an organisation’s employment contract or legal entity has on their superannuation obligations?
Click or tap here to enter text.
QUESTION 7
Describe how the government co-contribution scheme operates, including the key rates and thresholds.
Click or tap here to enter text.
QUESTION 8
Explain the difference between the total employment costing model and the gross salary plus benefits model for salary packaging.
Click or tap here to enter text.
QUESTION 9
Explain some of the benefits to the organisation of providing employee’s with salary packaging options?
