What does super mean for business?

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The Super Guarantee (SG) is a compulsory contribution which all employers need to make on behalf of each of their eligible employees.

Employer contributions are paid directly to each employee's nominated or existing super fund, or a default fund, on their behalf.

Refer to the ‘Offering your employee’s choice’ and ‘Paying SG contributions’ sections for more on your requirements to pay your employees super.