Occupation Superannuation Qualifying Criteria

Qualifying criteria must be setup for each Superannuation Allowance/Deduction that will be used for Occupational Superannuation.

The following are the types of qualifying criteria you can specify:

• Number of pays an employee must receive before being eligible for contributions;
• Frequency by which the qualifying criteria is checked;
• Minimum average or actual hours an employee must work per week, or
• Minimum average or actual dollar value an employee must earn per week; and
• Minimum age of employee.
• If a Date of Birth is not entered into an employee's Personnel details, they will not be included in any Occupational Superannuation Processing.

Two sets of qualifying criteria exist:

First

The initial qualifying criteria relates to the first time an employee enters into the Occupation Superannuation system and is used only once for each employee. Define if the Occupational Superannuation contribution accumulated over the qualifying period is to be allocated for the employee.

Following

Once an employee has met the First Qualifying criteria, the following set of qualifying criteria is used for all subsequent qualifying periods.

Although the two sets of criteria use the same types of criteria, different criteria values may be setup.

• Example:

  An employee may have to work for 26 weeks (initial qualifying period) before they qualify for Occupational Super. However, once that six months is completed, the subsequent qualifying periods may be different such as 4 weeks.

• How to use Occupational Superannuation Criteria

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