Welcome to the halkin blog.
Your source for weekly stories and advice on local business, the economy in general and what’s happening in Sydney this weekend.
Super Choice Rules Will Change from 1 November 2021
From 1 November 2021, if you have new employees start, you may have an extra step to comply with the choice of fund rules if they don’t choose a super fund. You may now need to request their ‘stapled super fund’ details from us.
A stapled super fund is an existing super account that is linked, or 'stapled,' to an individual employee so that it follows them as they change jobs.
If you don't meet your choice of super fund obligations, additional penalties may apply. The change aims to reduce account fees by stopping new super accounts from being opened every time an employee starts a new job. Per the ATO, these are the steps you will need to take from November 1 onwards.
Three Ways the Right Dashboard can Help Your Business
A business intelligence dashboard is an information management tool that uses data visualisation technology to analyse and display information visually in a practical and valuable way. BI dashboards can access data from multiple sources, analyse and display it via browser or mobile applications instead of manually compiling spreadsheets. The rapid analysis of a dashboard gives business owners transparency and, ideally, the opportunity to make immediate adjustments.
