Element 1: Seek information on the hospitality industry
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© ASEAN 2012 Trainee Manual Maintain hospitality industry knowledge
Superannuation Superannuation is money deposited by an employer on behalf of their employees to a fund as a form of compulsory savings towards employee retirement. The amount of money each employer is required to contribute is determined bylaw
but the employer can elect, if they choose, to pay in more than the prescribed minimum. Employees are also entitled/encouraged to contribute. When the employee retires, they can access the money that has been paid into this fund on their behalf.
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