Super Guarantee underpayment

ATO compliance activity only helping 1% of employees underpaid super

99% of the employees being short-changed on superannuation by their employers aren’t being helped by the ATO, claims Industry Super Australia. Analysis by Industry Super Australia estimates that 2.85 million workers are being ripped off to the tune of $6 billion in superannuation a year by “unscrupulous employers”. Though the… Read More »ATO compliance activity only helping 1% of employees underpaid super

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