Will the Super Guarantee amnesty be the next Government policy dropped?

Opinion/analysis – Does the Coalition really want to head into an election after giving an amnesty to employers who haven’t paid superannuation owing to their workers?

An election is likely within the next nine months, and the Government is dropping policies that are unpopular or can’t get through the Parliament – or both – in preparation.

The proposed increase to the age pension age from 67 to 70 was dropped on breakfast TV. The changes to super fund governance – requiring more independent directors, which would particularly impact industry super funds – was hard enough to pass before the Banking Royal Commission, and is reportedly shelved. Though it can be hard to tell given the lack of priority given to superannuation Bills. Read more...

Super Guarantee amnesty Bill introduced with “haste and secrecy”: Labor

Labor members of a Senate committee have accused the Government of engaging in “haste and secrecy” around its Bill to create an amnesty for employers who haven’t paid their Super Guarantee obligations.

The majority of the Senate Economics Legislation Committee, which includes Liberal Senators and Greens Senator Whish-Wilson, recommended that the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 be passed. Only Labor Senators issued a dissenting report, calling for the SG amnesty provision be removed from the Bill. Read more...

Small Business Ombudsman supports Super Guarantee amnesty

The Australian Small Business and Family Enterprise Ombudsman supports the Government’s planned amnesty for employers who haven’t met their Superannuation Guarantee obligations, a decision which the ACTU has described as “shocking”.

The Small Business Ombudsman appeared before a Senate Committee which is inquiring into the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018.

“Yesterday I outlined my support of the 12 month Superannuation Guarantee Amnesty in this Bill, so the very few small businesses across Australia that are not up-to-date with their superannuation obligations for current and past employees are able to get their affairs in order,” said Ombudsman Kate Carnell on Wednesday. Read more...

Labor wants to amend Super Guarantee amnesty

Labor plans to try to amend the Government’s Superannuation Guarantee Bill, potentially with the aim of removing the measure entirely.

Last week the Government introduced legislation which would create a 12 month Super Guarantee amnesty for employers.

“The Prime Minister had absolutely no idea of these moves when asked about it by the Leader of the Opposition in Question Time today,” said Shadow Treasurer Chris Bowen, after Labor took aim at the proposal.

The first question in Question Time on Tuesday was from Opposition Leader Bill Shorten: “My question is to the Prime Minister. Can the Prime Minister please explain to the Australian people why it is government policy to forgive businesses who have illegally failed to pay their employees superannuation for over 25 years by waiving all penalties and rewarding them with tax deductions?” Read more...

Government plans amnesty for Super Guarantee underpayment

The Government has announced a twelve month amnesty for historical underpayment of Superannuation Guarantee.

The amnesty, which is meant to be a one-off, is included in a Bill put to Parliament – meaning the Bill would have to pass for the amnesty to apply.

“We are introducing this one-off amnesty to allow employers to wipe the slate clean and pay their workers what they’re owed. All Australians workers should be paid the entitlements they are owed,” said a statement by Minister for Revenue and Financial Services, Kelly O’Dwyer. Read more...