delete Superannuation (Salary) Regulations (Amendment)
Australian federal regulations defining 'salary' for superannuation guarantee contribution purposes, specifying what employment income components count toward the base on which employers must make compulsory superannuation contributions. The instrument sets out inclusions, exclusions, and valuation methods for salary sacrificed items and various employment benefits.
These regulations create significant compliance complexity and distort compensation structures by arbitrarily determining what counts as 'salary' for superannuation purposes. They incentivize employers to restructure employment packages to minimize superannuation liabilities by shifting compensation to non-salary benefits. The definitional rules generate substantial legal and administrative costs, and the underlying goal—ensuring adequate retirement savings—could be better achieved through direct contribution rate policy rather than complex salary attribution rules that create windfalls for those able to exploit the boundaries while penalizing straightforward employment arrangements.