Remitting contributions and administrative tasks

As a participating employer to UniSuper, there are certain things you need to know about remitting contributions and keeping UniSuper up-to-date with members' details.

Contribution amounts

The amount of employer contributions required to be made for each employee will depend on the employee’s membership category.

Defined Benefit Division (DBD) and Accumulation 2

Employer contributions are based on 14% or 17% of the employee’s before-tax salary.

DBD and Accumulation 2 member are also encouraged to make standard member contributions at the rate of 7% of after-tax (or 8.25% before-tax) salary. These contributions must be deducted from the employee’s salary on behalf of the employee and remitted to UniSuper using UniSuper’s electronic contributions facility.

Standard member contributions can be reduced to specific levels under UniSuper’s contribution flexibility arrangements. Please note that each employee must enter into a salary sacrifice arrangement with their employer in order to make standard member contributions on a before-tax basis.

Accumulation 1

Employer contributions are based on at least 9% of the employee’s ordinary time earnings.

When must contributions be remitted to UniSuper?

Participating employers are required to remit contributions in a timely manner, preferably UniSuper’s electronic contributions facility. The frequency of remittance will depend on the employee’s membership category. The Trustee may charge penalty interest on contributions that are remitted late.

DBD and Accumulation 2

Employer and standard member contributions must be remitted to UniSuper within seven (7) days of the end of each pay period. For example, if your employees are paid fortnightly, all contributions and contribution data must be remitted to UniSuper no later than 7 days after the end date of each fortnight’s payroll cycle. Employer and standard member contributions must be remitted at the same time and in the same payment.

Accumulation 1

Employer contributions must be remitted to UniSuper on at least a quarterly basis as required under superannuation guarantee legislation. The payments must be remitted to UniSuper by the cut-off date for each quarter as shown below.

Administrative requirements

Participating employers must provide the following details about each new employee to enable UniSuper to establish and maintain the employee’s superannuation account:

• full name
• date of birth
• residential address, and
• tax file number.

in addition to the above details, participating employers are required to:

• provide the product disclosure statement for the relevant UniSuper membership category to each new employee
• arrange for the membership application form to be completed by the employee and sent to UniSuper
• provide accurate contribution information at the same time as contributions are remitted, and
• notify UniSuper when an employee ceases employment .

Reporting requirements

There are additional on-going reporting requirements for participating employers who make contributions for employees who are DBD or Accumulation 2 members. 

Participating employers must promptly notify UniSuper of each employee's:

• salary, and
• service fraction.

Participating employers must also promptly notify UniSuper as soon as:

• an employee’s service fraction changes
• an employee commences a period of employer-approved leave without pay, and
• an employee ceases employment or the employee’s conditions of employment change.

This information is required to enable UniSuper to maintain accurate member records and provide correct benefit entitlements.