Does an employer have to pay Super to someone who is working 24 hours per week?
May 14, 2008 by Josie Kay · Leave a Comment
Q. Does an employer have to pay the superannuation guarantee charge to someone who is working 24 hours per week?
Josie’s answer: Yes, they do, however, they are exempt from paying super for the following:-· employees paid less than $450 in a calendar month· those aged aged 70 years or more· employees less than 18 years of age and working less than 30 hours per week· non resident employees· employees who are paid for domestic or private work, less than 30 hours per week. Read more
Please tell me when the share market started to decline
April 2, 2008 by Josie Kay · Leave a Comment
Q. I listen to the show every week. Could you please tell me with reasonable accuracy when the share market started to decline. Thanks Robyn
Josie’s answer: Hi Robyn. Thanks for your question and I am crossing my fingers that your investments have not suffered too much with the recent volatility.
I am assuming you are referring to the All Ordinaries Index, which represents the top 500 stocks listed on the Australian Share Market.
This index appears to have peaked on 1st November 2007 at 6853. As at today’s date (2nd April 2008), the index closed at 5544, which means it has dropped approximately 19% since that date (as you would know it has been lower!).
To get back to its peak, the market now needs to increase by nearly 24%. Who knows when it will reach its peak again, but historically speaking it is not unusual to see it exceed its previous high within 5 months. Read more
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