Set Up a Default Superannuation Fund (AUS)
Security:
Set Up: Payroll (Superannuation) - AUS
.
Workday requires a default superannuation fund so that:
- Workers can complete a superannuation choice form.
- You can run an Australian payroll calculation.
Workday uses the default superannuation fund if there aren't any active Superannuation Configuration Periods. Workday also uses the default fund if you don't specify a superannuation fund in the active superannuation configuration period.
- Access theMaintain AUS Superannuation Configurationtask.
- As you complete the task, consider: Enter the USI of the superannuation fund.
Option Description Default Superannuation Fund USIThe USI of the default superannuation fund of the organization.Exceeds MSCB RuleWhat you want to happen to a worker's superannuation that exceeds the MSCB cap.
Workday uses the default superannuation fund when a worker makes a superannuation choice.
Adding or changing the default superannuation fund and MSCB rule only affects future superannuation choices and payroll calculations.
Set up your MSCB rules and assign your compensation plans.