From 1 July 2019, superannuation fund members with inactive accounts risk losing their insurance cover unless they actively opt-in to retain their cover. Legislation to make this change effective received Royal Assent on 14 March 2019. From 1 July 2019, trustees of a super fund are prohibited from providing insurance where: The member’s account is inactive for a continuous period of 16 months or more, and The member has not elected to obtain or maintain insurance in that fund

From the 1st of July 2019, employers with less than 20 employees are now required to comply with STP. This extends the requirement of employers with 20 or more employees being required to report from the 1st of July 2018. So what is STP ? STP works by sending tax and super information from your payroll or accounting software to the ATO as you run your payroll. You will be reporting super liability information through STP also. Super payments will still be made through super s