SGC Processing

SGC Processing calculates the superannuation guarantee liability based either on the employee's actual earnings or the specified annual super gross, whichever has been specified. This option can be used to calculate only, or calculate and post, shortfalls to the next payrun.

Prerequisites

Rules and Guidelines

SGC Processing does the following:

  • Checks for employee eligibility, the date of birth of employees and if the employee's earnings exceed the maximum allowed;
  • Calculates the difference between the required Superannuation Guarantee contribution and any contributions already made to linked non-contributory Super Funds;
  • Generates Allowance/Deduction transactions for any shortfalls in contributions into the next payrun;
  • Allowance/Deduction transactions are ignored for any employees whose status is terminated;
  • Produces theSGC report and theSGC Exception report;
    • The SGC Report lists all eligible employees, any paid contributions calculated for linked super funds, the SGC required and the difference shortfall if any;
    • The SGC Exception report lists all employee not eligible for Superannuation Contributions.
  • Posting transactions can only be generated once during the month. Each time this function is run during the month, the transactions will be duplicated and rebanks will need to be created to offset transactions

Field Information

The dates for the period to be calculated, update and report on for Super changes. Learn more about SGC Processing Dates.

Specify if a report for shortfal posting transactions will be produced or generated for updating. Learn more about SGC Processing - Time Card Entry.

Select an SGC Code to be processed; if left blank, all SGC codes will be processed.

Select a Payrun Group to be processed; SGC will be calculated for employees belonging to the selected Payrun Group.

Select a Pay Frequency to be included in this process.

Type or select any of the Level Codes as required to select the correct combination of employees to be included in the calculation. If any of the fields are left blank all will be selected.

  • Select Run Process to submit the PAY290C job.
  • Once completed two reports are generated:
  1. PAY290A lists exceptions to the Superannuation Guarantee Contributions (i.e. employees not eligible for a contribution).
  2. PAY290B lists all employees who are included in the SGC and any shortfalls.

 

  • The Run Process checks the SGC Processing History window for any existing entries with the same parameters.
  • When an SGC Processing History record is found matching all parameters a warning is displayed.

SGC Processing has already been processed for these dates - are you sure you wish to proceed?

  • If Y is selected, the process continues and a record is written to the SGC Processing window with the Update Time Cards field set to Y.
  • If N is selected, the user is returned to the SGC Processing window allowing for the dates to be amended.