Welcome to our November 2019 edition of the StewartBrown newsletter. We hope to keep you informed of the important tax developments and issues affecting businesses in Australia today. SALARY SACRIFICING AND THE SUPERANNUATION GUARANTEE – ***IMPORTANT CHANGES *** From 1 January 2020, where an employee salary sacrifices any part of their salary into superannuation, these contribution amounts will also be subject to the 9.5 per cent superannuation guarantee (“SG”) requirement. This means that salary sacrificed amounts will be included as Ordinary Times Earnings for the purpose of the SG and that the salary sacrificed amount will not count towards the required SG obligations. Employers will need to update their accounting systems to comply with the new law by 1 January 2020.