Additional superannuation contributions on the home lending allowance and some specific benefit payments
As part of the Bank's ongoing compliance and risk program, we recently initiated a third-party review of our payroll processes as well as our obligations regarding the complex area of superannuation.
The review concluded that we are paying superannuation correctly, except for how we have been treating the home loan lending allowance. Superannuation is a complex area and based on the findings of the review, superannuation will now be paid on the staff benefit home lending allowance as well as a small number of specific payments such as first aid allowance.
What does this mean for you?
During the week commencing 31 August, we have written to all of our people who will be receiving additional superannuation contributions as a result of the review.
Using the last contact details, we have, we've also written to all former employees who are to receive additional superannuation contributions as a result of the review.
ACTION - FORMER EMPLOYEES
If you are a former employee and received a letter, please complete the below form and confirm your contact details. Please also provide the details of your nominated superannuation account so we can progress payment to you.
If you are a former employee but did not receive a letter and want to check that you are eligible, please fill out the contacts details below and our payroll team will respond to you.