Centivu Blog Australia - Subclass 457 Visa Compliance: Compulsory Retirement Contribution Rate Increases on July 1

May 21, 2014 Australia's mandatory superannuation contribution rate will increase 0.25 percent to 9.5 percent on July 1, 2014. Employers considering reducing the salary component of a foreign national's total compensation package will need to consider how such a change will affect their obligation to pay at market rate and will need to notify the [...]