Superannuation review

University of Newcastle Vice-Chancellor Professor Caroline McMillen wrote to all staff on Wednesday 25 July to let them know the University was undertaking a review of superannuation payments following identification of some potential anomalies.

The matter was identified following findings by other universities and UON’s own internal processes.

The University has enlisted the expertise of professional services firm Deloitte to undertake a comprehensive review to assess the organisation’s obligations and any anomalies.

The Deloitte review is expected to be completed before the end of the year, and regular updates will be provided to staff to ensure they are fully informed.

Dear all,

I wanted to let you know that, following findings by other universities and our own internal processes, we have identified some potential anomalies in the superannuation contributions we pay on behalf of some current and some former staff.

As many of you are aware, superannuation across the tertiary education sector is complex, arising from the interaction of the Superannuation Guarantee (SG), Enterprise Agreement/Contractual and UniSuper contribution obligations.

We have enlisted the expertise of professional services firm Deloitte to undertake a comprehensive review to assess our obligations and identify any anomalies.

Our priority is to meet our superannuation commitments. If any superannuation underpayments have been made, affected staff will have their superannuation owing paid, with interest.

While we don’t expect this matter to affect all of our staff, I’m writing to let you know this process is underway.

We expect the review to be completed ahead of the end of the year and we will provide you with regular updates to ensure you are fully informed.

If you wish to discuss this process, please call our dedicated enquiry line on extension 15599 or email superannuation@newcastle.edu.au

Kind regards,

Caroline

Q&A

Last updated Thursday 26 July 2018

We have identified some potential anomalies in the superannuation contributions we pay on behalf of staff. We have subsequently enlisted the expertise of professional services firm Deloitte to undertake a comprehensive review to assess our obligations and any anomalies.

This matter was identified following findings by other universities and UON’s own internal processes. Superannuation across the tertiary education sector is complex, arising from the Superannuation Guarantee (SG), UniSuper and individual contribution obligations.

No. The review will assess which staff are affected. While we don’t expect this matter to affect all staff, we’re informing all staff to ensure they know this process is underway.

That will be one of the things the review will assess. We expect the review to be completed ahead of the end of the year.

Our priority is to meet our superannuation commitments. If any superannuation underpayments have been made, affected people will have all superannuation owing paid, with interest.

The review is looking at payments to current and former staff.

We expect the report to be completed ahead of the end of the year, at which point we’ll share the findings with you. We’ll also provide updates as they become available.

Until we get the full report, you don’t need to take any action. But, if you want to discuss this with someone, please contact Payroll on 4921 5599.

Contact details: If you wish to discuss this process, please call our dedicated enquiry line on extension 15599 or email superannuation@newcastle.edu.au