Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018

Closing Salary Sacrifice ‘loophole’ Bill passes Parliament

The Bill to close the ‘loophole’ allowing employers to use employee Salary Sacrifice contributions to offset their Super Guarantee obligations has passed the Parliament. The Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 has passed the Parliament, after the Government agreed to amendments made in… Read More »Closing Salary Sacrifice ‘loophole’ Bill passes Parliament

Multiple employer SG opt-out, NALI expenses, LRBA in Total Super Balance pass Parliament

A collection of changes to superannuation – including a limited and partial Super Guarantee opt-out, and changes to NALI and LRBAs – have passed the Parliament. The Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019 has passed the Parliament, without amendment. It allows some employees with multiple employers… Read More »Multiple employer SG opt-out, NALI expenses, LRBA in Total Super Balance pass Parliament

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… Read More »Super Guarantee amnesty Bill introduced with “haste and secrecy”: Labor

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… Read More »Small Business Ombudsman supports Super Guarantee amnesty