Super Guarantee amnesty for employers passes Parliament

The Government has succeeded in passing an amnesty for employers who haven’t paid the Super Guarantee they owe to workers. This is the second attempt by the Government to pass such an amnesty; after announcing the original 12 month amnesty would apply from the date of announcement, the Government was then unable to pass it… Continue reading Super Guarantee amnesty for employers passes Parliament

Labor sets up Senate inquiry into wage & superannuation theft

Labor has set up a Senate inquiry into wage and superannuation theft, including its cost to the national economy and the most effective way of recovering these entitlements. Labor Senators have been successful in referring wage and superannuation theft to a Senate Committee for inquiry. The Senate Economics References Committee will inquire into the “causes,… Continue reading Labor sets up Senate inquiry into wage & superannuation theft

Senate view on Super Guarantee amnesty split along party lines

A Senate Committee inquiry into the proposed Super Guarantee amnesty has split along party lines. Unsurprisingly, a Senate inquiry into the proposed amnesty for employers who haven’t paid the Super Guarantee they owe has recommended along party lines – with the Coalition saying the Bill should be passed, and Labor that it should be opposed.… Continue reading Senate view on Super Guarantee amnesty split along party lines

Labor concerned SG amnesty will let employers wipe the slate clean

Labor is concerned that the proposed Super Guarantee amnesty may let employers “wipe the slate clean” without having to pay all the superannuation they owe. The Government is again trying to legislate an amnesty for employers who historically haven’t paid the Super Guarantee they owe for their employees. Opinion is divided on the amnesty, with… Continue reading Labor concerned SG amnesty will let employers wipe the slate clean

Effectiveness of Super Guarantee non-payment amnesty questioned

The effectiveness of a proposed amnesty for employers who haven’t paid Super Guarantee has been questioned by the superannuation industry. The Government recently introduced a Bill to Parliament in a second attempt to implement an amnesty for employers who have not paid the Super Guarantee owing for their employees. The amnesty enjoys support from some… Continue reading Effectiveness of Super Guarantee non-payment amnesty questioned

Super Guarantee amnesty for employers returns to Parliament

Legislation to create an amnesty for employers not paying Super Guarantee has returned to Parliament. The Government has, for some time, wanted to give employers who have underpaid their Super Guarantee obligations a time-limited amnesty – requiring them to pay the unpaid super for their workers, but not applying several of the usual additional penalties.… Continue reading Super Guarantee amnesty for employers returns to Parliament

Legislation for employer Super Guarantee amnesty expected “imminently”

New legislation giving employers who haven’t paid Super Guarantee an amnesty can be expected “imminently”, says the Minister responsible. Update: The Government has introduced legislation for the Super Guarantee amnesty – Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019. Senator Jane Hume, Assistant Minister for Superannuation, Financial Services and Financial Technology, said it was still… Continue reading Legislation for employer Super Guarantee amnesty expected “imminently”

12 month amnesty for employers not paying super still Government policy

A plan to give employers who haven’t paid the superannuation entitlements of their workers a 12 month amnesty remains Government policy. The 12 month Super Guarantee amnesty – first announced in May 2018 – remains Government policy, despite not including it in recent Bills and it not appearing in the list of policies the Coalition… Continue reading 12 month amnesty for employers not paying super still Government policy

Government fails to pass SG amnesty in time, super legislation lapses

The Government has failed to pass its amnesty for employers who haven’t paid their Super Guarantee obligations through the Parliament. The Super Guarantee amnesty was intended to run for 12 months, from the date it was announced – 24 May 2018 – until 23 May 2019. But the Treasury Laws Amendment (2018 Superannuation Measures No.… Continue reading Government fails to pass SG amnesty in time, super legislation lapses

Budget needs to clarify Super Guarantee amnesty: accountants

Australia’s largest two accounting bodies have called for the Government’s proposed Super Guarantee amnesty to be clarified in the upcoming Federal Budget. Last May the Government announced the intention to legislate a 12 month amnesty for employers who hadn’t paid their Super Guarantee obligations for their workers. If it was legislated – which it hasn’t… Continue reading Budget needs to clarify Super Guarantee amnesty: accountants