Employers

Your employer will need the below information to transfer your Super into your Crescent Wealth Super account. Co-contributions and salary sacrifice contributions can also be made as per below details.

Making a payment

  • Fund Name: Crescent Wealth Superannuation Fund (CWSF)
  • CWSF Australian Business Number (ABN) Unique Superannuation Identifier (USI): 71 302 958 449 (001)
  • CWSF Superannuation Product Identification Number (SPIN) number: CFL0009AU

SuperStream and new rules regarding payments of superannuation contributions.

SuperStream is part of the Australian Government’s Stronger Super reform which requires employers to make super contributions on behalf of their employees by submitting payments and associated data electronically.By the 30th June 2016 all employers must use a SuperStream compliant payment system when making super contributions.

Crescent Wealth has partnered with Mercer and Westpac as their preferred SuperStream provider.

Please click on this link to register your company and employees for SuperStream using QuickSuper, after which you will be able to make contribution payments.

If you have any issues with registration, you can contact 1300 926 626 or simply reply to this email.

Important docs for employers

CWSF compliance statement

The Crescent Wealth Superannuation Fund (ABN 71 302 958 449) is an Australian resident regulated superannuation fund within the meaning of the Superannuation Industry (Supervision) Act 1993 (“SIS Act”). The Fund holds a Registrable Superannuation Entity Registration Number (R1075182). The Fund is a complying superannuation fund within the meaning of the SIS Act and has never received a notice of non-compliance from the Australian Prudential Regulation Authority. The Fund is able to accept superannuation contributions for eligible persons. These contributions are maintained and subsequently paid only in accordance with the Superannuation Industry (Supervision) Regulations 1994. The Fund is not subject to a direction under section 63 of the SIS Act. The Fund has never previously been subject to a direction under section 63 of the SIS Act. The Fund offers insurance cover that meets the minimum requirements set out in the Superannuation Guarantee (Administration) Act 2002, of a fund to be offered by an employer where an employee does not choose a fund. The Trustee of the Fund is Diversa Trustees Limited (ABN 49 006 421 638, RSE Licence L0000635 and AFS Licence 235153). Please note that effective from 1 July 2016, ‘The Trust Company (Superannuation) Limited’ name has changed to ‘Diversa Trustees Limited’.

Employer FAQs and useful information

  • Every investment we make is compliant with our ethical principles.
  • We offer personalised services and provide you a dedicated relationship manager for your business.
  • We offer educational seminars and programs across Australia to improve financial literacy – want us to speak at your work place? Get in touch today! 1300 926 626
  • We give back to communities right around Australia into programs that benefit people and our future generations.

These are just some of the reasons why employers from all industries choose Crescent Wealth.

You can either give us a call on 1300 926 626 and we’ll provide you the appropriate number.

OR If your employee has not provided you with their Crescent Wealth member number, you can still make payments for them as long as you have these details when you make your first payment:

  • Full name
  • Address
  • Date of birth
  • Tax File Number

Currently, the SG contribution rate is 9.5% of an eligible employee’s ordinary time earnings (OTE) and must be paid into a complying fund. If your employees work under a specific industrial award or agreement, you’re obliged to contribute in accordance with that award or agreement.

The SG rate will increase each year until it reaches 12%. However, the Government now proposes that it remain at 9.5% until 30 June 2021 and then increase by 0.5% each year until it reaches 12% on 1 July 2025. The current SG rates are set out below:

Financial yearCurrent SG Rate
From 1 July 2014 to 30 June 20219.5%
1 July 2021 to 30 June 202210%
1 July 2022 to 30 June 202310.5%
1 July 2023 to 30 June 202411%
1 July 2024 to 30 June 202511.5%
1 July 202512%

The Superannuation Guarantee (Administration) Act 1992 (the Act) requires employers to make SG contributions on (at least) a quarterly basis or you may incur an SG charge.

The SG Act requires contributions to be made by the 28th business day following the end of each calendar quarter (that is, by 28 July, 28 October, 28 January and 28 April).

PeriodDue Date
1 July – 30 September28 October
1 October – 31 December28 January
1 January – 31 March28 April
1 April – 30 June28 July

When a cut-off date for payment falls on a Saturday, Sunday or public holiday, you can make the payment on the next business day.

If you don’t meet these deadlines you may have to pay the required amount, plus interest and an administrative penalty imposed by the Australian Tax Office (ATO) the following month. Other penalties may also apply. We encourage our employers to make payments monthly so they never have to worry about missing the SG deadline.

If you are an employer, you have to pay super if your employee(s) earn at least $450 gross per calendar month.

The exceptions are employees who are:

  • Under 18 years of age and working less than 30 hours per week.
  • Performing work of a private or domestic nature for not more than 30 hours a week for a non-business employer.

Please note: You may still be required by a Federal or State award, Industrial Agreement or Employee Contract to pay super for the above employees. It’s important to investigate your particular circumstances in relation to your employees.

SuperStream is a package of Australian Government reforms designed to make our superannuation system easier to use. It’s part of the Government’s broader Stronger Super reforms.

As an employer, SuperStream will help simplify the way you make contributions for your employees and streamline data processing. New Superannuation Data and Payment Standards, jointly created by the Australian Government and Australian Tax Office (ATO), will help achieve this. New standards were applied from 1 July 2014, so employers with 20 or more employees will be required to make super contributions electronically. For employers with less than 20 employees, the new standards were applied from 1 July 2015.

Before-tax (salary sacrifice) contributions are treated for tax purposes as employer contributions, so it’s important to identify them on your contribution advice. After-tax (voluntary) contributions must also be identified on your contribution advice so your employees aren’t taxed again on these contributions. For details on how before and after-tax contributions are defined, visit https://www.moneysmart.gov.au/superannuation-and-retirement.

When an employee provides you with their TFN for employment purposes, you’re required by law to provide it to their super fund. If a TFN is not supplied when paying Super for your employee, their Super contributions may be taxed by the ATO at the highest marginal rate. So it’s important to include it with your next contribution advice.

The ATO has prepared a guide for employers. Visit the employer section of ATO website for more information.

We’ve made it easy for you to find what you are looking for by putting them all in the one place. You can find them Important Docs for Employers section on this page.