Draft Bill targeting Superannuation Guarantee underpayment released

The Government has released draft legislation aimed at cracking down on Superannuation Guarantee underpayment.

A draft of the Treasury Laws Amendment (Taxation and Superannuation Guarantee Integrity Measures) Bill 2018 has been released for consultation. Read more...

Employers should report & pay superannuation at same time as wages

Employers should be required to report and pay Superannuation Guarantee at the same time as salary and wages, says the Australian Institute of Superannuation Trustees (AIST).

The Government recently announced that Single Touch Payroll, which involves reporting SG and PAYGW

Small employers to have to use Single Touch Payroll from 1 July 2019

The Government has announced that from 1 July 2019 small employers will have to be using Single Touch Payroll.

Single Touch Payroll will involve reporting salary and wages, PAYG withholding and superannuation guarantee information to the ATO as part of

Force small employers to use Single Touch Payroll to fight black economy

The Government should extend Single Touch Payroll to small employers to help combat superannuation non-payment in the black economy, says a superannuation industry body.

One aspect of Single Touch Payroll is the electronic reporting of payroll information to the ATO.

Single Touch Payroll may push employees to choose sub-standard fund

Single Touch Payroll could pressure employees to choose a super fund without information about investment returns or fees, Industry Super Australia has argued.

Part of the Single Touch Payroll initiative is a digital superannuation standard choice form, currently being developed