1992. The Superannuation Guarantee (SG) is introduced with a mandatory 3 per cent contribution rate (or 4 per cent for employers with an annual payroll above $1 million), requiring employers to make a contribution into a super fund on their employees' behalf.

When did employer superannuation become compulsory?

In 1992, the government made superannuation compulsory to ensure that every working Australian saved for their retirement. The policy aimed to address the challenge of retirement income in three ways: mandatory employer contributions to super funds.

Is superannuation guarantee by the government?

The superannuation guarantee, or SG, dictates the minimum percentage of your earnings your employer needs to pay into your super fund. This percentage is controlled and legislated by the Australian Government.