Your client, The Brisbane Telegraph Pty Ltd, is the publisher of a weekday afternoon newspaper entitled "The Brisbane Telegraph. The newspaper's headquarters is in Red Hill. The company began operations on 13 April 2015.

The company employs 26 staff members (excluding the CEO, refer below). All 26 staff are based in Queensland, and all are full-time employees.

The company does not engage any independent contractors, nor does it employ any workers outside of Brisbane. It does not operate in regional Queensland nor in any other states or territories.

For the year ended 30 June 2020, the company made payments to the 26 staff members totalling $2.0 million, excluding JobKeeper payments, redundancy payments, superannuation and excluding amounts it paid to the new CEO (refer job advertisement below).

In early-June 2019, the company sought to employ a CEO and placed the following job advertisement in the newspaper.

The successful applicant was Herbie Hancock. Herbie commenced employment as the CEO of The Brisbane Telegraph Pty Ltd on 1 July 2019. His employment contract included all of the amounts specified in the job advertisement outlined on the previous page.

Herbie is not a director of the company.

It is now 30 June 2020. The company’s managing director, Dan Hartman, has approached you and seeks your advice on the following matters.

(i) Calculate the total superannuation payable by The Brisbane Telegraph Pty Ltd in respect of the year ended 30 June 2020 for the 27 staff, including Herbie. Please show and explain all workings and calculations.

 

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Featuring (per annum): Sizeable gross cash salary plus the following benefits: ■ ■ EXCITING OPPORTUNITY ■ 14% employer sponsored superannuation (instead of 9.5%) Fringe benefit provided ■ Provision of Apple i-Pad Pro Annual performance bonus The Telegraph Chief Executive Officer The Brisbane Telegraph is a Brisbane based company established in April 2015. The company publishes a weekday afternoon newspaper, The Brisbane telegraph. It readership has dramatically expanded over the years and readership now exceeds 1 million on a daily basis. The company is seeking to employ a strategic, charismatic CEO to lead the company. The role requires flexibility from a strategic visionary leader to an action-oriented, hands-on team member. The successful applicant will be responsible for all strategic and operational decisions affecting the company moving forward and will be responsible for reporting to the company's board. Submit your resume and letter of application to the HR Director, GPO Box 339, Brisbane, QLD, 4001 or e-mail to: info@thebrisbanetelegraph.com.au. The proposed start date for the role is 1 July 2019. Featuring (per annum): Sizeable gross cash salary plus the following benefits: ■ ■ EXCITING OPPORTUNITY ■ 14% employer sponsored superannuation (instead of 9.5%) Fringe benefit provided ■ Provision of Apple i-Pad Pro Annual performance bonus The Telegraph Chief Executive Officer The Brisbane Telegraph is a Brisbane based company established in April 2015. The company publishes a weekday afternoon newspaper, The Brisbane telegraph. It readership has dramatically expanded over the years and readership now exceeds 1 million on a daily basis. The company is seeking to employ a strategic, charismatic CEO to lead the company. The role requires flexibility from a strategic visionary leader to an action-oriented, hands-on team member. The successful applicant will be responsible for all strategic and operational decisions affecting the company moving forward and will be responsible for reporting to the company's board. Submit your resume and letter of application to the HR Director, GPO Box 339, Brisbane, QLD, 4001 or e-mail to: info@thebrisbanetelegraph.com.au. The proposed start date for the role is 1 July 2019.

Answer rating: 100% (QA)

To calculate the total superannuation payable by The Brisbane Telegraph Pty Ltd for the year ended 3... View the full answer