Contact us now for a free consultation

Contact Us

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.

Proactive superannuation guarantee (SG) case work will be increased by the ATO in an effort to reduce the recently released SG gap.

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)



Contact us now for a free consultation

Contact Us
RCB Advisors
RCB Business Services Pty Ltd

PO Box 439, Camberwell 3124
VICTORIA, Australia

+61 3 9882 0533
vasb@eponqivfbef.pbz.nh

ABN 20 611 163 485. Limited liability by a scheme approved under Professional Standards Legislation. "WHERE VALUE BEGINS” is used under licence from its owner W Value B Pty Ltd, A C N 167 696 997