Superannuation Guarantee Non-Compliance

Proactive superannuation guarantee (SG) case work will be increased by the ATO in an effort to reduce the recently released SG gap. The SG gap provided an estimate of the amount of superannuation guarantee that has not been paid by employers to super funds.

The ATO estimates the net SG gap to be 5.2 per cent or $2.85 billion of the total estimated $54.78 billion in SG payments that employers were required to pay in 2014-15.

On the release of this information, the increased case work will help identify employers with unpaid superannuation obligations. Included in this additional case work will be the use of predictive analytical techniques, as well as potentially further intervention from the government.

Sources:

Australian Taxation Office (https://www.ato.gov.au/Media-centre/Media-releases/ATO-releases-Super-Guarantee-gap-estimate/)

CCH iKnow (http://iknow.cch.com.au)