Payday super rules blamed for the axing of two community music festivals
The new payday super rules have been blamed for the cancellation of the Newcastle Hunter and Inverloch Jazz Festivals.
The cancellation of popular community music festivals is being blamed on the federal government’s new superannuation rules.
Victoria’s Inverloch Jazz Festival as well as the Newcastle Hunter Jazz Festival have been cancelled in recent days, with organisers pointing the finger at payday super rules which came into force at the start of July.
The superannuation guarantee law, which requires employers to make contributions, has been in place since 1992.
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