Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law has announced that employers will now be able to make their Superannuation Guarantee payments for temporary resident employees into funds in the same way as for any other employee – another red-tape reduction. The Government will use the existing unclaimed superannuation arrangements to transfer the account balance of temporary residents six months after they depart Australia and no longer hold a visa, if the person has not claimed their super on departure.
“Departed temporary residents will also be able to claim back, at any time, any superannuation that has been paid to the Commonwealth,” Minister Sherry said.
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