Hey all,
Just after the suggestions/advice from anyone in the know with regards to the 9% super paid to real estate employee's
I've searched the net endlessly, spoken to the ATO & Fair Work Australia and cant get a straight answer.
From what I can come up with the 9% super is paid on OTE (ordinary Times Earnings).
It seems as though all commisions paid to real estate agents are included in OTE.
I've come across several old articles (pre 2006) that suggest that allowances paid to agent including phone and car allowances are not included in OTE and therefore employers do not pay the 9% super on.
I recall a couple of years ago (around 2010) the ATO revised what was included in OTE for real estate agents.
Can anyone confirm if car & phone allowances are excluded from OTE for real estate agents and if commissions paid to agents are included.
Thanks in advance.
Just after the suggestions/advice from anyone in the know with regards to the 9% super paid to real estate employee's
I've searched the net endlessly, spoken to the ATO & Fair Work Australia and cant get a straight answer.
From what I can come up with the 9% super is paid on OTE (ordinary Times Earnings).
It seems as though all commisions paid to real estate agents are included in OTE.
I've come across several old articles (pre 2006) that suggest that allowances paid to agent including phone and car allowances are not included in OTE and therefore employers do not pay the 9% super on.
I recall a couple of years ago (around 2010) the ATO revised what was included in OTE for real estate agents.
Can anyone confirm if car & phone allowances are excluded from OTE for real estate agents and if commissions paid to agents are included.
Thanks in advance.