Definition
Contributions paid in Australian dollars or (for an emerging cost scheme) that should be paid (as determined by an actuary) on behalf of establishment employees either by the establishment or a central administration such as a state health authority, to a superannuation fund providing retirement and related benefits to establishment employees, for a financial year.
Components
Data Element (this item)
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Data Element ConceptEstablishment—recurrent expenditure (superannuation employer contributions)
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Object ClassEstablishment
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PropertyRecurrent expenditure
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Value DomainTotal Australian currency N[N(8)]
Representation
This representation is based on the value domain for this data element, more information is available at " Total Australian currency N[N(8)] ".| Data Type | Currency |
|---|---|
| Format | N[N(8)] |
| Maximum character length | 9 |
Comments
Guide for use:
Record as currency up to hundreds of millions of dollars. Rounded to nearest whole dollar.
Comments:
The definition specifically excludes employee superannuation contributions (not a cost to the establishment) and superannuation final benefit payments.
In private enterprise some superannuation schemes are partially funded but this is considered too complex a distinction for national minimum data sets.
It is noted that the emergence of salary sacrifice schemes allows employees to forego salary for higher superannuation contributions. If these become significant, national minimum data sets may have to take them into account at a future stage.