Is anyone familiar with the definition of ordinary time earnings for the purpose of calculating the 9%! Superannuation guarantee?
Whilst working on a project I earned around $120,000 with a significant amount of overtime. The industrial agreement defined ordinary hours of work as being 36 and this is what the 9% was paid on. The result was a payment of $3000 odd into my super account. An earnings of $30,000 odd would result in the same payout to the earners super. Seems that something is wrong there.
I would appreciate any advice.
Thanks
denben
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