India, May 16 -- The University of Western Australia has moved to remediate $6.6 million in inadvertent historical discrepancies identified in the payment of its 17 per cent superannuation entitlements to employees.
The payments cover the period from 1 July 2013 to the current date, to 5,500 former and 2,700 current employees.
The University aims to contact all affected employees to apologise and advise that it has commenced a program of back payments totaling $10.6 million, inclusive of $4 million in interest.
This follows a comprehensive and proactive review of superannuation entitlements by the University which identified shortfalls in the application of the 17 per cent superannuation contribution on some employee allowance and leav...
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