Own-account superannuation payments (ETF 761)

A1B.48.

Own-account superannuation payments (ETF 761) records the value of costs relating to employment related superannuation schemes provided to employees working on own-account capital formation. Own-account superannuation payments (ETF 761) are further classified as:

• Own-account employers' contributions - defined contribution superannuation (ETF 7611, TALC, COFOG-A);
• Own-account employers' contributions - defined benefit superannuation (ETF 7612, TALC, COFOG-A); and
• Own-account imputed employers' contribution - defined benefit superannuation (ETF 7613, TALC, COFOG-A).

A1B.49.

Own-account employers' contributions - defined contribution superannuation (ETF 7611, TALC, COFOG-A) form part of own-account capital formation (76), and consist of the value of superannuation payments accrued under a defined contribution superannuation scheme for employees engaged in work on own-account capital formation in the current period. Further information on defined contribution superannuation can be found in Chapter 7 and Chapter 13 of this manual.

A1B.50.

Own-account employers' contributions - defined benefit superannuation (ETF 7612, TALC, COFOG-A) consist of the value of superannuation payments accrued under a defined benefit superannuation scheme for employees engaged in work on own-account capital formation work in the current period. Further information on defined benefit superannuation can be found in Chapter 7 and Chapter 13 of this manual.

A1B.51.

Own-account imputed employers' contribution - defined benefit superannuation (ETF 7613, TALC, COFOG-A) consists of the value of imputed employers' contributions equal to the increase in benefits payable due to current period employment, plus the costs of operating the scheme, minus the sum of the employer’s actual contribution and the sum of any contributions by the employees, in relation to employees engaged in work on own-account capital formation. Further information on imputed employers' contributions to defined benefit superannuation can be found in Chapter 7 and Chapter 13 of this manual.