Super Guarantee underpayment

There is a “simple fix” to unpaid super political parties could adopt

Industry Super Australia says changing how often Superannuation Guarantee is paid is a “simple fix” the major political parties could adopt in the election campaign to help fix unpaid and underpaid superannuation. New research by Industry Super Australia has found that the underpayment of superannuation entitlements over years has caused… Read More »There is a “simple fix” to unpaid super political parties could adopt

Government officially drops Super Guarantee penalty changes

The Government has officially dropped its proposed winding-back of penalties for underpayment and late payment of Superannuation Guarantee, while announcing other measures to tackle SG non-compliance. The Government had intended to “simplify” and make the SG charge and penalties “more proportionate” to non-compliance. This included changing the calculation of the… Read More »Government officially drops Super Guarantee penalty changes

ATO rejects IGT recommendation for random Super Guarantee audits

The ATO has rejected, again, a recommendation by the Inspector-General of Taxation to adopt random Superannuation Guarantee compliance audits. The Review Into The ATO’s Employer Obligations Compliance Activities report says: The IGT recommends the ATO seeks further means of ensuring superannuation entitlements are paid promptly including the use of deterrents,… Read More »ATO rejects IGT recommendation for random Super Guarantee audits